Cambridge Technology Enterprise jumps on the local bourses

Cambridge Technology is currently trading at Rs. 9.00, up by 0.40 points or 4.65% from its previous closing of Rs. 8.60 on the BSE.

The scrip opened at Rs. 9.25 and has touched a high and low of Rs. 9.80 and Rs. 8.60 respectively. So far 140 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.90 on 07-Apr-2011 and a 52 week low of Rs. 6.20 on 23-Aug-2011.

Last one week high and low of the scrip stood at Rs. 9.80 and Rs. 8.45 respectively. The current market cap of the company is Rs. 17.67 crore.

The promoters holding in the company stood at 42.79% while Institutions and Non-Institutions held 0.29% and 56.92% respectively.

Cambridge Technology Enterprise has reported results for third quarter ended December 31, 2011.

The company has posted a decline of 17.27% in its net profit at Rs 0.91 crore for the quarter ended December 31, 2011 as compared to Rs 1.10 crore for the same quarter in the previous year. Total income also decreased by 1.63% at Rs 8.45 crore for quarter under review as compared to Rs 8.59 crore for the quarter ended December 31, 2010.

On consolidated basis, the company has reported a net loss of Rs 2.08 crore for the quarter ended December 31, 2011 as compared to net loss of Rs 5.37 crore for the same quarter in the previous year. However, total income has increased by 43.85% at Rs 21.29 crore for quarter under review as compared to Rs 14.80 crore for the quarter ended December 31, 2010.