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Cerebra gains on joining hands with Samsung Electronics for PRO business

08 Feb 2019 Evaluate

Cerebra Integrated Technologies is currently trading at Rs. 27.95, up by 0.15 points or 0.54% from its previous closing of Rs. 27.80 on the BSE.

The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 29.20 and Rs. 27.75 respectively. So far 37726 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.00 on 26-Apr-2018 and a 52 week low of Rs. 24.75 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 29.30 and Rs. 26.10 respectively. The current market cap of the company is Rs. 339.93 crore.

The promoters holding in the company stood at 6.27%, while Institutions and Non-Institutions held 4.46% and 89.28% respectively.

Cerebra Integrated Technologies has signed up with Samsung Electronics as its client for Producer Responsibility Organization (PRO) business for which it had obtained authorization from Central Pollution Control Board dated on January 28, 2019.

The company has the plan in place to complete the requisite collection and recycling process for the client within the next two months. It is gearing up to become a major player in this nascent industry and has drawn huge plans for next coming fiscal years.

Cerebra Integrated Technologies commenced its business in 1992 with the Hardware sector and later expanded to provide software services, IT training and consulting, and today offers Total IT Solutions comprising LPO, BPO and KPO services.

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