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Ace Software Exports surges on signing LoI with reputed international entity based in United Kingdom

Ace Software Exports Ltd. | IT - Software | IT & ITES | BSE: 531525 | NSE:

26 Dec 2024 Evaluate

Ace Software Exports is currently trading at Rs. 319.00, up by 4.00 points or 1.27% from its previous closing of Rs. 315.00 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 320.00 and Rs. 315.00 respectively. So far 9012 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.85 on 17-Dec-2024 and a 52 week low of Rs. 21.84 on 26-Dec-2023.

Last one week high and low of the scrip stood at Rs. 320.20 and Rs. 303.05 respectively. The current market cap of the company is Rs. 408.32 crore.

The promoters holding in the company stood at 63.24%, while Non-Institutions held 36.76% stake in the company.

Ace Software Exports has signed a Letter of Intent (LoI) with a reputed international entity based in the United Kingdom to explore the establishment of a joint venture. The primary objective of the proposed joint venture is to collaborate in the fields of technology and engineering to provide high-quality IT services and solutions to engineering industries in Europe. The joint venture will focus on engineering services, Artificial Intelligence (AI), Machine Learning (ML), data services, and cloud solutions.

This collaboration aims to expand the company’s presence in Europe through the JV partnership, enabling the marketing of the company’s services across the European region. Additionally, this JV will support all of the company’s subsidiaries in expanding their footprint in European market, including ‘SmartPPS’ (a premium product for engineering production planning and control) to be developed by AQE Techtools, wholly owned subsidiary of the company.

Ace Software Exports is mainly engaged in the business of creation of Database. The company has been active in catering to the outsourcing needs of publishers and other organizations.

Ace Software Exp Share Price

152.85 -7.70 (-4.80%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2578.45
Infosys	1311.95
HCL Tech.	1428.35
Wipro	202.40
Tech Mahindra	1504.10
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Ace Software Exports surges on signing LoI with reputed international entity based in United Kingdom

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