Bodhtree partners with Infy to provide GST solutions

Leading IT consulting and software service provider, Bodhtree Consulting Limited has announced their strategic partnership with one of the leading IT company, Infosys.

Jun 09, 2017 03:06 IST India Infoline News Service

Graphs
Leading IT consulting and software service provider, Bodhtree Consulting Limited has announced their strategic partnership with one of the leading IT company, Infosys.
 
Clients of Infosys will have an option to utilise GSP platform of Bodhtree Consulting for their GST filings. The size of the project could be over Rs 200 crore and Bodhtree is working towards realising these revenues in the next three years.
 
Bodhtree Consulting Limited has locked in its upper circuit of 10% at Rs 58.95 per share. The company has witnessed growth rate in its revenue by 113% for the financial quarter ended March 31 2017.
 
The company is a Hyderabad-based micro-cap IT services provider with a market cap of Rs 97 cr. Apart from traditional IT solutions, it offers cloud and analytics based services to global clients.
 
Stock View:
 
Bodhtree Consulting Ltd is currently trading at Rs 58.95, up by Rs 5.35 or 9.98% from its previous closing of Rs 53.6 on the BSE.
 
The scrip opened at Rs 58.95 and has touched a high and low of Rs 58.95 and Rs 58.95 respectively. So far 33711(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 96.73 crore.
 
The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 53.6 on 08-Jun-2017 and a 52 week low of Rs 22.5 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 53.6 and Rs 44.5 respectively.
 
The promoters holding in the company stood at 57.42 % while Institutions and Non-Institutions held 0.55 % and 42.03 % respectively.
 
The stock is currently trading above its 50 DMA.

Related Story