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Allsec Technologies strengthens on getting nod to invest $500,000 in subsidiary company

07 Feb 2014 Evaluate

Allsec Technologies is currently trading at Rs. 30.75, up by 1.35 points or 4.59% from its previous closing of Rs. 29.40 on the BSE.

The scrip opened at Rs. 30.85 and has touched a high and low of Rs. 30.85 and Rs. 30.75 respectively. So far 5103 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.90 on 08-Feb-2013 and a 52 week low of Rs. 18.10 on 19-Sep-2013.

Last one week high and low of the scrip stood at Rs. 34.40 and Rs. 28.95 respectively. The current market cap of the company is Rs. 46.93 crore.

The promoters holding in the company stood at 35.42% while Institutions and Non-Institutions held 37.44% and 27.14% respectively.

Allsec Technologies has received an approval for investment in the share capital of Retreat Capital Management Inc, the subsidiary of the company to the extent of $ 500,000. The board of directors at its meeting held on February 06, 2014 has approved for the same. The company will be proceeding with the necessary formalities to give effect for this proposal.

Allsec Technologies is engaged in the business of providing IT enabled services. The services provided by the company include data verification processing of orders received through telephone calls, telemarketing monitoring quality of calls of other call centers customer services and HR and payroll processing for domestic companies.

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