Shares of Lytus Technologies Holdings PTV. Ltd. (LYT) are rising over 501% following the launch of Lytus Cloud.
LYT is trading on the Nasdaq at $13.90, up 501.74% or $11.59 per share. It has traded between $2.22 and $57.60 in the past 52-week period.
This cloud infrastructure suite offers strong management capabilities to address the growing needs of enterprise computing.
With a target market of $325.9 billion, according to Statista, Lytus Cloud provides various services such as public cloud, private deployments, managed private clouds, data center solutions, cloud consulting, and hosting services.
The company aims to enhance its global cloud services over the next two years, specifically focusing on the US and other key international markets.
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