The shares of Australian company, Enero Group (ASX:EGG), experienced a significant increase of as much as 9.3% to A$1.830.

This marks the company’s greatest intraday percentage gain since July 17 and the stock reached its highest point since August 9.

The marketing services provider has expressed confidence in their building momentum projected for FY24.

The company further expressed current expectations that their technology clients will return to a more normalized trading standard in CY24.

However, the stock has depreciated 40.6% this year, as of its last closing.

Enero Group is an Australian marketing services provider.