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HOV Services strengthens on getting nod to acquire building property

27 Sep 2012 Evaluate

HOV Services is currently trading at Rs. 31.60, up by 0.30 points or 0.96 % from its previous closing of Rs. 31.30 on the BSE.

The scrip opened at Rs. 31.70 and has touched a high and low of Rs. 32.35 and Rs. 31.10 respectively. So far 6063 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.50 on 04-Nov-2011 and a 52 week low of Rs. 27.25 on 28-Aug-2012.

Last one week high and low of the scrip stood at Rs. 33.95 and Rs. 30.80 respectively. The current market cap of the company is Rs. 38.85 crore.

The promoters holding in the company stood at 48.75% while Institutions and Non-Institutions held 0.09% and 51.16% respectively. 

HOV Services has received an approval to acquire building property and to avail funds from bank for purchase of above property. The board at its meeting held on September 27, 2012 has considered and approved for the same.

HOV Services commenced its operations as a software services company on January 10, 1989. The company’s BPO service includes Transaction Management, Risk Management, Content Management and Construction Services.

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