New Delhi, July 16 -- Raminfo share price surged 5% in intraday trade on Wednesday, July 16, touching the day's high of Rs.105.45, even as the Indian stock market continued to trade in a range-bound manner. The rally followed the company's announcement that it had received a Letter of Intent (LoI) worth Rs.14.14 crore from the Directorate of Information Technology, Government of Tripura.

The order pertains to the development, deployment, implementation, and maintenance of the Services & Benefits Delivery Platform, 'UNNOTI,' under the Tripura Rural Economic Growth & Service Delivery Project (TRESP). According to the company's filing today, the project is to be completed within 16 months, followed by 26 months of maintenance support.

The ...