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Ricoh India soars on entering into alliance to provide Managed Print Services

Ricoh India Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 517496 | NSE:

23 Nov 2015 Evaluate

Ricoh India is currently trading at Rs. 868.00, up by 32.25 points or 3.86% from its previous closing of Rs. 835.75 on the BSE.

The scrip opened at Rs. 851.00 and has touched a high and low of Rs. 880.00 and Rs. 851.00 respectively. So far 24192 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1072.25 on 02-Jul-2015 and a 52 week low of Rs. 264.00 on 06-Feb-2015.

Last one week high and low of the scrip stood at Rs. 880.00 and Rs. 807.25 respectively. The current market cap of the company is Rs. 3479.71 crore.

The promoters holding in the company stood at 73.60% while Institutions and Non-Institutions held 3.27% and 23.13% respectively.

Ricoh India has entered into an alliance with Vakrangee, to provide Managed Print Services (MPS) on a Pay per Unit (PpP) model to the un-served and under-served geographies in India through various Vakrangee Kendras. Through this alliance, Ricoh India initially proposes to deploy Multi-functional Printers (MFPs) at various Vakrangee Kendras located PAN India.

With the execution of National MPS agreement with Ricoh, Vakrangee intends to utilize the synergy based on strength of high quality product offering of Ricoh with the support of quality services and expertise of Vakrangee to serve the end users. Thereafter, with this alliance, Vakrangee has added another essential and widely used service to the basket of services that are being offered through its last-mile retail outlets called Vakrangee Kendra.

Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services.

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Ricoh India soars on entering into alliance to provide Managed Print Services

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