NGTL stock down by 9 percent
Bangalore:Northgate Technologies Limited (NGTL) stock was among top losers after price went down by nearly 9 percent. After opening the day at RS. 26.00, the stock touched its 52 week high of 
33.85, before closing the trade at 25.80, with loss of 8.91 percent.Through the day,746065 shares of NGTL were traded in the market.
Northgate Technologies Limited (NGTL) is an India-based company. The Company is engaged in providing Web development, Web maintenance and support services to its step down subsidiary, Globe 7 Pte Limited. The Company is focused on two sectors: Online Advertising, and Securities and Derivatives Trading. The Company's own Web properties include Globe7.com, Bharatstudent.com and Ziddu.com. The services provided by the Company include Internet advertising tracking tool, instant messaging, short messaging, net telephony, global content delivery, video streaming, social networking, file sharing and downloading.
NGTL has announced with reference to the issue of equity shares of face value of 10/- each of Northgate Technologies Limited by way of Qualified Institutional Placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, that the QIP Committee of the Board of Directors of the Company in its meeting held on November 10, 2010 decided to close the QIP issue with immediate effect.The issue was opened on October 29, 2010.
33.85, before closing the trade at 25.80, with loss of 8.91 percent.Through the day,746065 shares of NGTL were traded in the market.
Northgate Technologies Limited (NGTL) is an India-based company. The Company is engaged in providing Web development, Web maintenance and support services to its step down subsidiary, Globe 7 Pte Limited. The Company is focused on two sectors: Online Advertising, and Securities and Derivatives Trading. The Company's own Web properties include Globe7.com, Bharatstudent.com and Ziddu.com. The services provided by the Company include Internet advertising tracking tool, instant messaging, short messaging, net telephony, global content delivery, video streaming, social networking, file sharing and downloading.
NGTL has announced with reference to the issue of equity shares of face value of 10/- each of Northgate Technologies Limited by way of Qualified Institutional Placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, that the QIP Committee of the Board of Directors of the Company in its meeting held on November 10, 2010 decided to close the QIP issue with immediate effect.The issue was opened on October 29, 2010.