01-01-1970 12:00 AM | Source: Accord Fintech
IRIS Business Services surges on launching new Litigation Management System product
News By Tags | #409 #572 #7581

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IRIS Business Services is currently trading at Rs. 80.80, up by 1.60 points or 2.02% from its previous closing of Rs. 79.20 on the BSE.

The scrip opened at Rs. 79.65 and has touched a high and low of Rs. 83.50 and Rs. 79.50 respectively. So far 1872 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.50 on 09-Nov-2021 and a 52 week low of Rs. 58.00 on 14-May-2021.

Last one week high and low of the scrip stood at Rs. 93.10 and Rs. 72.90 respectively. The current market cap of the company is Rs. 155.28 crore.

The promoters holding in the company stood at 38.10%, while Institutions and Non-Institutions held 0.13% and 61.77% respectively.

IRIS Business Services has launched a new Litigation Management System product called 'IRIS LMS'. IRIS Litigation Management System (LMS) is a cloud-based platform designed to simplify GST Assessments and Litigation requirements of corporations. IRIS LMS is specially tailored around GST litigations, and helps large corporates steam-line and automate all of their legal processes and documentation, saving them substantial time and money. The product covers the entire life cycle of managing and tracking both pre-GST and GST litigation cases Brief description of Product from the pre-show cause notice stage to the Supreme Court stage.

The product also has an audit module that helps corporates get ready for GST Audits. Developed in conjunction with DAA Consulting, a specialized Indirect Tax Consulting Organization, the product is a perfect blend of in-depth litigation experience and understanding of the practical difficulties faced by industries coupled with the Technology expertise of IRIS, the ASP (Application Service Provider) handling GST compliance & reconciliation requirements of customers.

IRIS Business Services provides financial information, research, and training solutions to institutional, manufacturing, retail, and other industries in India and internationally.