IntraSoft Technologies surges as its arm secures $8 million LoC from UPS Capital

01 Nov 2016 Evaluate

IntraSoft Technologies is currently trading at Rs. 560.85, up by 44.30 points or 8.58% from its previous closing of Rs. 516.55 on the BSE.

The scrip opened at Rs. 520.00 and has touched a high and low of Rs. 570.00 and Rs. 518.20 respectively. So far 57,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 573.25 on 05-Nov-2015 and a 52 week low of Rs. 250.00 on 21-Jan-2016.

Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 487.80 respectively. The current market cap of the company is Rs. 829.32 crore.

The promoters holding in the company stood at 47.52%, while Institutions and Non-Institutions held 8.58% and 43.90% respectively.

IntraSoft Technologies’ subsidiary company - 123Stores, Inc., has secured a $8.0 million Line of Credit (LoC) from UPS Capital, a subsidiary of UPS - one of the world’s largest package delivery company and a provider of supply chain management solutions. The additional funds will be used as working capital to drive continued growth.

123Stores, Inc. is a multi-channel online retailer, with a strong technology backbone that combines supply chain logistics with real time customer data, to create a compelling shopping advantage.

IntraSoft Technologies owns & operates 123Stores, an Online E-Commerce Retailer & 123Greetings.com, an online greeting cards company.


Intrasoft Tech Share Price

135.50 0.60 (0.44%)
26-Apr-2024 16:01 View Price Chart
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