Stocks of HOV Services
on Wednesday surged almost 15%, following the news of HOV Services combining US-based, SourceHOV & Novitex with Quinpario.
The transaction value of combination of all companies will be at $ 2.8 billion. Also, the combined companies will form an entity named Exela Technologies, which is to be listed on Nasdaq.
The stock in a period of one year has delivered 110.78%, outperforming the BSE Small-cap index and the Nifty Service Sector index in the same time span.
HOV Services is a business process outsourcing company that operates in North America with multiple locations in the US, and international headquarters in Chennai, India.
HOV Services Ltd is currently trading at Rs 201.85, up by Rs 28.65 or 16.54% from its previous closing of Rs 173.2 on the BSE.
The scrip opened at Rs 173.2 and has touched a high and low of Rs 203.9 and Rs 167.8 respectively. So far 3274196(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 217.06 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 176.8 on 21-Feb-2017 and a 52 week low of Rs 75.1 on 16-Mar-2016. Last one week high and low of the scrip stood at Rs 176.8 and Rs 133.7 respectively.
The promoters holding in the company stood at 49.69 % while Institutions and Non-Institutions held 0.1 % and 50.21 % respectively.
The stock is currently trading above its 50 DMA.