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Goldstone Technologies is currently trading at its upper circuit limit of Rs. 56.00, up by 2.65 points or 4.97% from its previous closing of Rs. 53.35 on the BSE.

The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 56.00 and Rs. 56.00 respectively. So far 2050 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.80 on 10-Dec-2021 and a 52 week low of Rs. 10.00 on 20-May-2021.

Last one week high and low of the scrip stood at Rs. 61.95 and Rs. 51.95 respectively. The current market cap of the company is Rs. 184.50 crore.

The promoters holding in the company stood at 53.89%, while Institutions and Non-Institutions held 0.11% and 46.01% respectively.

Goldstone Technologies’ board has approved the proposal to acquire substantial stake ranging from 51% to 100% in the equity share capital of Equitas Technologies (ETPL). Consequent to the acquisition of up to 100% Equity stake by the company, Equitas Technologies will become Subsidiary Company of Goldstone Technologies. Presently, Equitas Holdings (EHL) holds 2,50,00,000 (99.62%) equity shares of ETPL. Equitas Holdings is the promoter company of Equitas Small Finance Bank.

The acquisition will help the company in its foray into the e-commerce and fintech space as Equitas Technologies Limited (popularly known as Wow trucks) is an existing aggregator of trucks/logistics provider having substantial presence in Southern India region with 30,000 plus registered users. Post this acquisition, the Company is planning to introduce electric vehicle fleet into the portal and also providing finance solutions for the fleet owners through tie ups with NBFCs/Financing organisations under one umbrella. The Board of Directors of the company at their meeting held on May 16, 2022, have, approved the same.

Goldstone provides specialized Information Technology outsourcing in Technical Support Outsourcing, Forte (UDS) Migration, and On-site Consulting services.