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Financial Technologies (India) is currently trading at Rs. 283.50, up by 16.15 points or 6.04% from its previous closing of Rs. 267.35 on the BSE.
The scrip opened at Rs. 272.25 and has touched a high and low of Rs. 288.00 and Rs. 270.50 respectively. So far 1,20,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 690.00 on 19-Jul-2013 and a 52 week low of Rs. 102.05 on 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 288.10 and Rs. 216.55 respectively. The current market cap of the company is Rs. 1319.00 crore.
The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 18.75% and 35.62% respectively.
Financial Technologies (India) (FTIL) has entered into a Share Purchase Agreement (SPA) to sell 15% stake in MCX to Kotak Mahindra Bank (KMBL) for a total consideration of Rs 459 crore. The above is subject to certain conditions to be fulfilled including regulatory approvals prior to closing of the transaction.
FTIL had committed to divest its holding in MCX. This transaction culminates majority of the divestment process initiated by FTIL since February 27, 2014. FTIL had appointed a restructuring committee to oversee this process, which appointed JM Financials as its investment banker and lean as advisor. Despite many challenges, since the initiation of the divestment process, FTIL was successful in generating and negotiating a binding offer from one of India’s largest private sector banks, KMBL, thereby endorsing the credentials of a strong world class institution promoted by FTIL.
FTIL will continue with its divestment process to sell the balance 5% stake subject to the receipt of binding bids and all regulatory and other approvals.
| Company Name | CMP |
|---|---|
| TCS | 3851.00 |
| Infosys | 1437.00 |
| HCL Tech. | 1503.00 |
| Wipro | 461.50 |
| Tech Mahindra | 1191.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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