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8K Miles Software Services is currently trading at Rs. 224.00, up by 25.20 points or 12.68% from its previous closing of Rs. 198.80 on the BSE.
The scrip opened at Rs. 210.10 and has touched a high and low of Rs. 230.00 and Rs. 209.90 respectively. So far 67540 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 230.00 on 11-Aug-2014 and a 52 week low of Rs. 62.25 on 30-Sep-2013.
Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 171.00 respectively. The current market cap of the company is Rs. 221.47 crore.
The promoters holding in the company stood at 66.28% while Non-Institutions held 33.72% stake in the company.
In a bid to increase revenue contribution from home market, 8KMiles Software Services is in talks with leading domestic low-cost carriers to offer cloud solutions, especially on the ticketing front, to cut cost and also offer bulk bookings.
The company has been offering cloud solutions to the largest Asian low-cost carrier AirAsia for the past few years and now it wants to extend its success with this airline to other airlines in the country, especially the low-cost ones.
8KMiles draws over 75 per cent of its revenue from the US and only 10-15 per cent from the home market, and it wants to increase the revenue contribution to around 25 per cent through deals with airlines.
8KMiles is an online ecosystem of verified professionals and companies that enables outsourcing of software and other knowledge services completely over the internet. Using the 8KMiles portal, companies (buyers) can “smartsource” any type of knowledge work cost effectively and securely to certified individuals or groups (providers).
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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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