Panabyte Technologies Share Jumps 4.99% to ₹33.86 After ₹1.05 Crore Laptop Purchase Order Win

Mumbai, 18 September 2025: Share price of Panabyte Technologies Ltd (BSE: 538742) jumped 4.99% to ₹33.86 at 11:10 IST on Thursday, after the company announced a new purchase order of ₹1.05 crore for its in-house “Walker” brand laptops. The development reinforces the company’s strategic shift towards diversifying its technology hardware portfolio.

Panabyte Technologies Ltd, formerly Panache Innovations Ltd, is a Bangalore-based IT-enabled services firm. The company diversified into technology hardware in recent times under the “Walker” brand name, retailing consumer electronics like laptops. With this order, Panabyte is further embedding itself into India’s fast-expanding digital hardware ecosystem.

Share Price Rises 4.99% to ₹33.86 on Buoyant Order Momentum

Panabyte’s shares opened the day at ₹33.74, touched a high of ₹33.86, and a low of ₹32.33 before closing at ₹33.86 (+4.99%) at 11:10 IST. The company’s market capitalisation stood at ₹18.61 crore, with the share price well above the 52-week low price of ₹26.63, although yet short of the 52-week high price of ₹63.36. The sharp spurt is a sign of increased confidence in the markets following weeks of lacklustre trading activity.

Order Win of 800 Laptops Valued at ₹1.05 Crore Fuels Growth Potential

The firm has confirmed receiving a purchase order for 800 units of Walker laptops, valued at ₹1,05,60,056 (₹1.05 crore), from a leading homegrown online platform partner. The delivery is scheduled for a month, suggesting improved demand for Panabyte’s tech hardware solutions. Chairman and Managing Director Prakash Vichhivora termed the deal a “strategic milestone”, highlighting that the transaction reaffirms consumer trust and the improved brand image of Walker laptops.

Creating Presence in Technology Hardware Space

This transaction is an important milestone for Panabyte Technologies, which has been diversifying in a phased manner from its IT-enabled services business to the hardware segment. This transaction reinforces the company’s commitment to add more proprietary products to its portfolio and establish a presence in India’s highly competitive laptop market. The importance lies in establishing Panabyte as a diversified technology company, shifting from revenues driven by services to product-driven growth.

Panabyte Technologies’ latest laptop order is the company’s growing relevance in the technology hardware sector and its transformation from services to product-based revenues. The decision is a testament to its capability to secure big orders in a competitive arena, further solidifying its strategic place in the dynamic Indian technology market.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0999e4d-1dd6-447f-a47e-4dc4f4332440.pdf

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