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HOV Services touches the roof as its arm plans to explore various strategic options

01 Jan 2014 Evaluate

HOV Services is currently trading at its upper circuit limit of Rs. 83.25, up by 3.95 points or 4.98% from its previous closing of Rs. 79.30 on the BSE.

The scrip opened at Rs. 82.80 and has touched a high and low of Rs. 83.25 and Rs. 82.80 respectively. So far 8405 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.50 on 16-Dec-2013 and a 52 week low of Rs. 20.00 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 85.90 and Rs. 78.00 respectively. The current market cap of the company is Rs. 103.99 crore.

The promoters holding in the company stood at 49.55% while Institutions and Non-Institutions held 0.09% and 50.36% respectively.

HOV Services’ US based WOS - SourceHOV LLC has made an appointment of Morgan Stanley & Company to explore various strategic options. The company through its US based wholly owned subsidiary (WOS) owns stake in SourceHOV LLC. Such appointment of Morgan Stanley & Company LLC has been approved by SourceHOV on December 29, 2013.

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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