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Firstobject Technologies soars as its arm inks pact with Cholamandalam Securities

12 Apr 2012 Evaluate

Firstobject Technologies is currently trading at Rs. 26.45, up by 1.45 points or 5.80% from its previous closing of Rs. 25.00 on the BSE.

The scrip opened at Rs. 26.45 and has touched a high and low of Rs. 26.45 and Rs. 26.45 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.00 on 20-Oct-2011 and a 52 week low of Rs. 10.41 on 11-Jul-2011.

Last one week high and low of the scrip stood at Rs. 26.50 and Rs. 24.40 respectively. The current market cap of the company is Rs. 27.52 crore.

The promoters holding stood at 61.01% while Non-Institutions held 38.99% stake in the company.

Firstobject Technologies - corporate equity research division - Firstcall Research has entered into a memorandum of understanding (MOU) with Cholamandalam Securities, a Murugappa Group Company, to leverage the Corporate Equity Research strengths of Firstcall Research. Firstcall Research will act as a business associate of Cholamandalam Securities.  The MOU will be in force for a period of 2 years with renewal clauses as applicable.

Cholamandalam Securities is a securities broking company offering stock broking services to retail and institutional investors, including many of the largest mutual funds in India and individual clients across the country.

Firstcall Research provides its research under contractual agreements to Thomson Reuters, Bloomberg, Dowjones, Capital IQ, The Markets.com, ISI Emerging Markets and other leading news wire agencies.

Firstobject Technologies is an IT/ITES company which has diversified in to E-education in the year 2010. FTL aims to provide E-education from Preschool to University level covering the whole spectrum of Academics. The company is launching its e-Education products and offerings in phases.

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