RS Software stock hits 20% upper circuit after order win

The company has been ranked L1 in the reverse online auction conducted by NPCI.

Jul 13, 2018 12:07 IST India Infoline News Service

RS Software (India) Ltd has emerged as the lowest bidder (L1) for the development and operation of an EFRM platform by the National Payments Corporation of India (NPCI).

The company has been ranked L1 in the NPCI-conducted reverse online auction, pending award and execution of a contract for the same.

RS Software (India) share price is currently at Rs46.10, up Rs7.65, or 19.9%, from its previous close of Rs38.45 on the BSE. The scrip opened at Rs38.50 and has touched a high and low of Rs46.10 and Rs38, respectively.

So far, 6,48,736 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs98.85cr.

The stock is currently trading above its 200-DMA.

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