Sagarsoft jumps as its arm to make investment in Sapplica Inc
Sagarsoft (India) is currently trading at Rs. 197.00, up by 3.05 points or 1.57% from its previous closing of Rs. 193.95 on the BSE.
The scrip opened at Rs. 203.60 and has touched a high and low of Rs. 203.60 and Rs. 196.00 respectively. So far 15654 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.70 on 19-Dec-2023 and a 52 week low of Rs. 122.80 on 05-Jul-2023.
Last one week high and low of the scrip stood at Rs. 203.60 and Rs. 184.00 respectively. The current market cap of the company is Rs. 127.84 crore.
The promoters holding in the company stood at 51.35%, while Institutions and Non-Institutions held 6.46% and 42.18% respectively.
Sagarsoft’s (India) wholly owned subsidiary -- IT CATS LLC, USA is all set to make investment in Sapplica Inc, USA. The investment is a step towards expanding its business operations and enhancing the Industrial Operations Optimization and Automation using Automation Technology. IT CATS will be holding 60% of investment in Sapplica. The transaction is expected to be completed within one year.
Sagarsoft (India) is a highly focused Information Technology company serving a unique and diverse portfolio of Fortune 500 companies and premium clientele.
