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Megasoft trades jubilantly on its division bagging order from Cierto

26 Jul 2017 Evaluate

Megasoft is currently trading at Rs. 18.00, up by 1.30 points or 7.78% from its previous closing of Rs. 16.70 on the BSE.

The scrip opened at Rs. 16.80 and has touched a high and low of Rs. 18.50 and Rs. 16.70 respectively. So far 43455 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.00 on 14-Oct-2016 and a 52 week low of Rs. 13.50 on 29-Jul-2016.

Last one week high and low of the scrip stood at Rs. 18.50 and Rs. 16.30 respectively. The current market cap of the company is Rs. 75.03 crore.

The promoters holding in the company stood at 7.24%, while institutions and non-institutions held 8.70% and 84.06% respectively.

XIUS, a division of Megasoft, has been awarded a contract from Mexico-based mobile virtual network operator (MVNO), Cierto for its cloud-enabled XIUS Mobile Services Platform (MSP).

XIUS MSP will enable Cierto to deliver a broad spectrum of innovative and attractive services, offer the best user experience and provide incremental value to its subscribers. Cierto currently has 15,000 subscribers but the global MVNO experience that XIUS possesses will position them well to acquire new customers and grow as per plan. The MVNO also has a widespread distribution network with presence across 20,000 points of sale of major ‘top-up’ chains in Mexico.  

XIUS, a division of Megasoft, is a mobile technology specialist focused on real-time transaction processing in Mobile Infrastructure & Services and Mobile Banking & Payments. Megasoft is a transnational technology company, focused on telecom. XIUS, the US based telecom division of Megasoft is a leader in delivering innovative, revenue-generating solutions to Mobile Operators, MVNEs and MVNOs worldwide.

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