Prism Informatics is currently trading at Rs. 23.80, up by 0.95 points or 4.16% from its previous closing of Rs. 22.85 on the BSE.
The scrip opened at Rs. 23.80 and has touched a high and low of Rs. 23.80 and Rs. 23.80 respectively.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 26.05 on 31-Jul-2013 and a 52 week low of Rs. 9.54 on 14-Jan-2014.
Last one week high and low of the scrip stood at Rs. 23.80 and Rs. 21.50 respectively. The current market cap of the company is Rs. 49.00 crore.
The promoters holding in the company stood at 18.29% while Non-Institutions held 81.71% respectively.
Prism Informatics has successfully executed the Business Blue Print Sign-Off for Phase 2 at Hayleys Advantis - Sri Lanka’s leading logistics partner. Hayleys Advantis is the Transportation and Logistics arm of the diversified blue-chip conglomerate, Hayleys Group, which has a turnover of more than $500 million. Hayleys Advantis is a major subsidiary of the ten sectors within the Hayleys Group.
Hayleys Advantis is comprised of several Transportation, Freight and Logistics companies and Phase 2 involves simultaneous implementations at 19 companies under the Hayleys Advantis sector. The sign-off of the Business Blue Print marks the beginning of the second phase of the project. Phase 2 of the implementation is expected to bring in $220,000 as revenue for Prism Informatics, and is expected to be executed within 9 months, including the Go-Live Support. The implementation will include Financial Accounting, Management Accounting and Process Orchestration to integrate their front-end system with SAP.
Upon completion of this implementation, Hayleys Advantis will see a faster financial closing cycle, and with the Balance Sheets, P&L and IFRS Reporting statements visible within the proficient SAP accounting system, the company will also have a consolidated financial management system. This will bring about greater transparency and control throughout the entire organization. It will also help to ease the process of financial reporting and improve visibility into financial processes.
Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.
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