GSS Infotech spurts on getting nod for raising FII limit to 49%

13 Nov 2013

GSS Infotech is currently trading at Rs. 49.00, up by 2.60 points or 5.60 % from its previous closing of Rs. 46.40 on the BSE.

The scrip opened at Rs. 46.50 and has touched a high and low of Rs. 52.00 and Rs. 46.50 respectively. So far 7432 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.50 on 12-Nov-2013 and a 52 week low of Rs. 26.75 on 06-Jun-2013.

Last one week high and low of the scrip stood at Rs. 50.50 and Rs. 39.20 respectively. The current market cap of the company is Rs. 65.59 crore.

The promoters holding in the company stood at 12.81 % while Institutions and Non-Institutions held 42.68 % and 44.51 % respectively.

GSS Infotech has received an approval to increase the limit of shareholding by registered foreign institutional investors (FII) from 22% to 49% of the paid up capital of the company. The board of directors at its meeting held on November 12, 2013 has approved for the same.

GSS Infotech is one of the country’s fastest growing IT consulting and software development company.

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GSS Infotech Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323