TeamLease Services zooms 5.6% after acquiring NichePro Technologies

India Infoline News Service | Mumbai | September 21, 2016, 17:24 IST

The company has signed a definitive agreement to acquire NichePro Technologies for an enterprise value of up to Rs.29.5 crore.

TeamLease Services Ltd zoomed 2%. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

The scrip opened at Rs. 1149 and has touched a high and low of Rs. 1167 and Rs. 1105 respectively. So far 45459 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1879.11 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1207.7 on 16-Feb-2016 and a 52 week low of Rs. 790 on 28-Apr-2016. Last one week high and low of the scrip stood at Rs. 1122 and Rs. 1051 respectively.

The promoters holding in the company stood at 45.61 % while Institutions and Non-Institutions held 27.57 % and 26.07 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.