Accel Frontline surges on receiving nod to divest entire stake in ASTL

03 Mar 2017 Evaluate

Accel Frontline is currently trading at Rs. 72.75, up by 5.30 points or 7.86% from its previous closing of Rs. 67.45 on the BSE.

The scrip opened at Rs. 68.55 and has touched a high and low of Rs. 75.65 and Rs. 68.25 respectively. So far 78,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.00 on 24-Aug-2016 and a 52 week low of Rs. 47.10 on 03-Mar-2016.

Last one week high and low of the scrip stood at Rs. 75.65 and Rs. 64.75 respectively. The current market cap of the company is Rs. 216.52 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.10% and 24.90% respectively.

Accel Frontline has received an approval for sale of the entire stake of a subsidiary company ‘Accel Systems & Technologies, Singapore’ (ASTL). The board of directors at its meeting held on March 1, 2017 has, approved for the same.

Accel Frontline provides integrated information technology services to small, medium, and large enterprises.

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