Rolta India shares up by 9.95 percent

By SiliconIndia   |   Tuesday, August 25, 2009
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Bangalore: Rolta India (BSE: ROLTA) has ended the trading in green zone with a gain of Rs.16.80 (9.95 percent). After opening at Rs.168, the stock went up to Rs.187.50 to end the day at Rs.185.65, which is slightly lower to intraday high value. A total of 5,900,957 shares were traded throughout the day with a current P/E ratio of the stock at 8.03. The stock has touched a 52-week high of Rs.360 and a low of Rs.40.70. With 499,840 units of shares, DSP BlackRock Micro Cap Fund - Regular Plan holds the highest number of Rolta India's shares. The 52 week stock price chart is on the left. Rolta India (Rolta) is engaged in the providing computer-aided designing (CAD), computer-aided manufacturing (CAM), geo-spatial information system (GIS) solutions, e-business and other related services. The company entered into a partnership with Stone and Webster, a subsidiary of Shaw Group, which is engaged in engineering procurement and construction to provide engineering, design and procurement services, related to power, refinery and petrochemical projects. The joint venture company, Stone and Webster Rolta is incorporated in India, and Rolta India has a 50 percent stake in this company. In December 2008, Rolta acquired Piocon Technologies. In the quarter ended on June 30, 2009, Rolta India reported a rise of 50 percent in the consolidated net profit to Rs.762.30 million as against profit of Rs.508.30 million for the quarter ended June 30, 2008. In the same period, consolidated revenues of the company stood at Rs.3,327 million, a growth of 3.60 percent over the prior year period. Currently, out of the eight analysts following the stock, consensus recommendation is outperform. Out of them five analysts recommend to buy and one recommends to sell the stock. Other technology companies have also ended the trade in green zone. InfoTech gained by 6.44 percent, I Power Solutions went up by 4.75 percent and NIIT Technologies by 2.99 percent.
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