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Geometric strengthens on entering into engineering contract with Aerolia

17 Apr 2014 Evaluate

Geometric is currently trading at Rs. 115.55, up by 2.65 points or 2.35% from its previous closing of Rs. 112.90 on the BSE.

The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 117.30 and Rs. 112.70 respectively. So far 173263 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.90 on 21-Mar-2014 and a 52 week low of Rs. 61.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 117.30 and Rs. 108.00 respectively. The current market cap of the company is Rs. 734.11 crore.

The promoters holding in the company stood at 38.95% while Institutions and Non-Institutions held 3.03% and 58.02% respectively.

Geometric, a leader in developing advanced manufacturing software has entered into a multi-year engineering services engagement with Aerolia, one of the largest tier-1 aerospace suppliers. Under the agreement, Geometric has set up a dedicated center for mechanical systems installations in Bengaluru, India.

Aerolia, a part of the Airbus group, selected Geometric for its expertise in setting up offshore engineering centers and to leverage Geometric’s engineering capabilities along with its IP and software development strengths for intelligent engineering. Geometric’s deep understanding of the product development cycle and technology will help Aerolia’s global operations to enhance their competitive advantage.

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

 

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