Bodhtree Consulting touches roof on entering into strategic relationship with Stratfit

08 Jun 2017

Bodhtree Consulting is locked at upper circuit limit at Rs. 53.60, up by 4.85 points or 9.95% from its previous closing of Rs. 48.75 on the BSE.

The scrip opened at Rs. 49.75 and has touched a high and low of Rs. 53.60 and Rs. 49.00 respectively. So far 65,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.60 on 08-Jun-2017 and a 52 week low of Rs. 22.50 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 53.60 and Rs. 44.50 respectively. The current market cap of the company is Rs. 96.73 crore.

The promoters holding in the company stood at 57.42, while public hold 42.58% respectively.
 

Bodhtree Consulting has entered into a strategic relationship with Stratfit Fitness Technologies (Stratfit), a company promoted by Daniel McKee, USA based Celebrity trainer and Olympic certified coach, Nagarjuna Akkineni, leading film personality. The relationship includes exclusive marketing rights, technology collaboration, and an investment through ICD.

Stratfit that came to fame through its association with Baahubali as the official fitness partner to the franchise obtained over 13 million views and over 1 lakh followers on the social media. Currently, StratFit is valued at Rs 80 crore as given out by HK & Associates. It is expected that funds will be raised to the tune of $3 million on the FundPitch platform, where Bodhtree and Stratfit were introduced.

Bodhtree Consulting enables enterprises to transform their business using the power of cloud, analytics and digital solutions. In addition, the company streamlines key business processes by deploying enterprise applications, integrating applications with their IT infrastructure and maintaining them, so that business users can focus on strategic organizational priorities.


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