Lycos Internet is currently trading at Rs. 25.70, up by 0.95 points or 3.84% from its previous closing of Rs. 24.75 on the BSE.
The scrip opened at Rs. 24.70 and has touched a high and low of Rs. 25.95 and Rs. 23.85 respectively. So far 423088 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.90 on 24-Sep-2014 and a 52 week low of Rs. 19.10 on 09-Sep-2015.
Last one week high and low of the scrip stood at Rs. 28.55 and Rs. 23.85 respectively. The current market cap of the company is Rs. 1223.97 crore.
The promoters holding in the company stood at 39.21% while Institutions and Non-Institutions held 20.15% and 40.64% respectively.
LYCOS, one of the most widely recognized Internet brands, has inked an agreement with Apollo International, of the Apollo Group, to launch a joint venture (JV) to provide end-to-end solutions to global brands in deploying custom e-commerce platforms targeting Indian consumers. This venture will be known as Apollo Lycos Netcommerce.
Apollo Lycos Netcommerce will design, develop and fulfill e-commerce, for brands online. It will enable and ensure a full-cycle fulfillment; right from setup, promoting their brands online, digital marketing of their products and services, driving engagement and sign ups, fulfilling orders, ensuring data security and consumer privacy, inventory tracking and management, order delivery and reverse logistics.
LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT).
