LGS shares rise 12 percent


Bangalore: Lanco Global Systems (LGS) stock was among the top gainers after its price went up by nearly 10 percent. After opening the day at 134.75, the stock touched its 52 week high of Rs145.65, before closing trade at 132.45, with a gain of 9.97 percent. Through the day, 314029 Lanco Global Systems were traded in the market with the current P/E ratio of the stock at 33.56. The 52 week stock price chart is on the left. LGS Global, formerly Lanco Global Systems, provides information technology (IT) services and solutions to the customers. The services provided by the Company include consulting services, enterprise system solutions, infrastructure management services, custom development, business process outsourcing, application maintenance outsourcing, testing services and enterprise application integration. The Company's products include business accelerating sales engine (BASE) and enterprise global resource management (eGRM). The Company's wholly owned subsidiaries include Techorbit Inc, Global IT Inc and LGS Global FZE. The Company operates in the United States, India, Europe and Middle East. Currently, 37 analysts are following the stock, 9 out of them are recommending to buy the stock and 6 are recommending that the stock will outperform. The consensus recommendation is that the stock will outperform.