Indovation Technologies is currently trading at its upper circuit limit of Rs. 84.70, up by 1.65 points or 1.99% from its previous closing of Rs. 83.05 on the BSE.
The scrip opened at Rs. 83.00 and has touched a high and low of Rs. 84.70 and Rs. 83.00 respectively. So far 20,000 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.70 on 10-Oct-2014 and a 52 week low of Rs. 15.00 on 15-May-2014.
Last one week high and low of the scrip stood at Rs. 84.70 and Rs. 80.00 respectively. The current market cap of the company is Rs. 20.96 crore.
The promoters holding in the company stood at 56.58% while Non-Institutions held 43.42% stake in the company.
Indovation Technologies has signed a term sheet to buy 100% stake in Symetric Life, a Hyderabad-based pharma solutions & services company for Rs 15 crore. Along with the stake, the company would also acquire three products - SyMetric used for clinical data management system (CDMS); Mindomatics used for computerised psychometrics tests and a pharma application likely to be rolled out by December 2014.
The company has also signed another term sheet for acquiring 100% in Hyderabad-based Sristek Clinical Research Solutions for Rs 10 crore.
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