Tavernier Resources wins an international digital marketing contract with Jetech Consulting and enhances its stock market and international enterprise.

Tavernier Resources Ltd. soared 3.31 percent in the early trade on Friday after the announcement of an important international deal. The company has engaged Jetech Consulting Inc. in a one-year contract worth USD 25,000 (₹22.02 lakh) to offer social media and digital marketing services.

The news saw Tavernier Resources stock close up 2.09% over the previous close at ₹58.99, trading between ₹58.00 and ₹60.60. This digital marketing contract signifies a strategic move by the trading and distribution firm and represents a more vigorous emphasis on a service-oriented, digitally focused framework.

The transaction, not a related party transaction, should increase the global presence of Tavernier Resources with a broader reach in the digital marketing arena. The market analysts said that this act can help in earning the investors' confidence, and it can also generate new growth opportunities in this firm.

Tavernier Resources has a long-term aim to diversify and capitalize on the prospects of the global market, and with its strong financial ratios (with the P/E ratio of 12.41 and ROE of 55.79), the emphasis on digital marketing campaigns is a definite step in the right direction.