Diginex Targets Brazil's $77 Billion Decarbonization Boom, Stock Soars

Diginex Limited (NASDAQ:DGNX) stock rose Friday following the company’s announcement of a Joint Venture Framework Agreement to support sustainability and decarbonization initiatives in Brazil.

This news comes as broader markets declined, with the Russell 2000 down 0.37% and the S&P 500 down 0.19%, suggesting DGNX’s rise may be driven by company-specific developments rather than broader market trends.

DGNX Announces Brazil ESG Joint Venture

Diginex signed a Joint Venture Framework Agreement with BGlobal (Brazil, Brand & Business) and the State of Mato Grosso to develop a digital infrastructure platform for large-scale decarbonization and ESG reporting, initially focused on the beef sector with potential expansion to other industries.

The platform is intended to deliver standardized, auditable sustainability and emissions data aligned with international standards, support a “Digital Green Passport” to enhance export market access, and generate MRV-ready data for credible carbon and nature-based initiatives.

The collaboration brings together Diginex and its subsidiary PlanA. earth’s ESG reporting and emissions accounting capabilities with BGlobal’s local stakeholder engagement, while complementing Mato Grosso’s existing “Passaporte Verde” program.

Covering more than 900,000 km and accounting for approximately 60% of its territory, Mato Grosso is a globally significant agricultural region. Brazil’s decarbonization market is projected to grow from approximately $43.1 billion in 2024 to $76.8 billion by 2030, reinforcing the initiative’s strategic relevance.

DGNX Stock Faces Bearish Technicals

The stock is currently trading 57.7% below its 20-day simple moving average (SMA) and 86.2% below its 100-day SMA, indicating a bearish trend in the short- to medium-term. Shares have decreased by 15.30% over the past 12 months and are positioned closer to their 52-week lows than highs, reflecting ongoing challenges for the company.

The RSI is at 18.85, indicating the stock is oversold, while the MACD is above its signal line, suggesting a potential bullish reversal. The combination of oversold RSI and bullish MACD suggests bullish momentum.

• Key Resistance: $3.50
• Key Support: $0.50

Upcoming DGNX Earnings Report Anticipated

Investors are looking ahead to the next earnings report on July 11, 2026.

• EPS Estimate: $0.07

DGNX Price Action: Diginex shares were up 32.59% at $1.79 during premarket trading on Friday, according to Benzinga Pro data.

Photo by T. Schneider via Shutterstock