Glodyne Technoserve trades higher on the bourses

Glodyne Technoserve Ltd. | IT - Software | IT & ITES | BSE: 532672 | NSE: GLODYNE

15 Nov 2011 Evaluate

Glodyne Technoserve is currently trading at Rs 302.50, up by 1.50 points or 0.50% from its previous closing of Rs 301.00 on the BSE.

The scrip opened at Rs 303.60 and has touched a high and low of Rs 306.05 and Rs 301.20 respectively. So far 62262 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 6 has touched a 52 week high of Rs 735.00 on 15-Nov-2010 and a 52 week low of Rs 263.00 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 335.05 and Rs 297.00 respectively. The current market cap of the company is Rs 1324.20 crore.

The promoters holding in the company stood at 56.43% while Institutions and Non-Institutions held 7.61% and 35.96% respectively.

Glodyne Technoserve, a leading player in technology services, has been chosen as one of the ‘best under a billion dollar’ companies in Asia pacific for the year 2011 by Forbes. The award was presented to Glodyne at a glittering ceremony in November 10, 2011 in Honkong.

The ‘best under a billion dollar’ 2011 list is chosen from nearly 15,000 publicly listed Asia pacific companies with actively traded shares and having sales in the range of $5 million-$1 billion. These are Forbes’ pick of the companies that have best managed through the economic volatility that began in 2008.

The selection of the best 200 companies is based on earning growth, sales growth and shareholder’s return on equity in the past 12 months and over three years. Thirty-five Indian companies are ranked among the top 200 Asia pacific corporations in Forbes ‘best under a billion dollar’ list of this year. The number of Indian companies was second only to the 65 firms from both China and Hong Kong that found a place in the list.