XTGlobal Infotech surges on planning to acquire further stake in Network Objects Inc.
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XT Global Infotech is currently trading at Rs. 42.34, up by 1.23 points or 2.99% from its previous closing of Rs. 41.11 on the BSE.
The scrip opened at Rs. 41.90 and has touched a high and low of Rs. 42.73 and Rs. 41.26 respectively. So far 63284 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.08 on 14-Dec-2023 and a 52 week low of Rs. 21.51 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 43.69 and Rs. 39.60 respectively. The current market cap of the company is Rs. 552.22 crore.
The promoters holding in the company stood at 62.83%, while Non-Institutions held 37.16% stake in the company.
XTGlobal Infotech is planning to acquire further stake in Network Objects Inc. (Associate Company, US based entity) from its existing stakeholders. The meeting of Board of Directors of XTGlobal Infotech will be held on March 14, 2024 to consider and approve the same.
XTGlobal Infotech (Formerly Frontier Informatics) is one of the pioneers in software development in India.
