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Four Soft inches up on seeing business opportunity in Nordic region

01 Dec 2011 Evaluate

Four Soft is currently trading at Rs. 8.64, up by 0.09 points or 1.05% from its previous closing of Rs. 8.55 on the BSE.

The scrip opened at Rs. 8.65 and has touched a high and low of Rs. 8.65 and Rs. 8.20 respectively. So far 2,416 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 22.70 on 02-Dec-2010 and a 52 week low of Rs. 7.55 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 8.69 and Rs. 7.72 respectively. The current market cap of the company is Rs. 33.00 crore.

The promoters holding in the company stood at 31.68% while Institutions and Non-Institutions held 0.49% and 67.83% respectively.

Four Soft, a global leader offering software solution for logistics and transportation industry sees a good business opportunity in the Nordic region, particularly in Denmark. The company believes that a growing number of e-commerce companies in the region and resultant increase in demand for IT solutions in warehousing and delivery segment will prove to be a good opportunity for Indian IT firms that are working in logistics solutions.

The company, which acquired a Denmark firm Transaxiom in 2007, observed that demand for the logistics services surged post the global economic recovery in 2010. The logistics market in the Nordic region is characterized by intense competition, overcapacity, and depressed prices. The market is strongly linked to the economy and expected to grow over the next few years.

Four Soft provides innovative and integrated enterprise solutions ensuring customer satisfaction. Four Soft software engineers are providing solutions to enterprises across the SCM market place.

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