Onward Technologies Ltd.

BSE: 517536 | NSE: ONWARDTEC
Small Cap | IT - Software
319.30
7.80 (2.50%)
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Onward Technologies gains on getting nod to form wholly owned subsidiary in Netherlands

Date: 07-06-2021

Onward Technologies is currently trading at Rs. 193.00, up by 1.85 points or 0.97% from its previous closing of Rs. 191.15 on the BSE.

The scrip opened at Rs. 191.90 and has touched a high and low of Rs. 196.00 and Rs. 181.60 respectively. So far 20181 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.90 on 01-Jun-2021 and a 52 week low of Rs. 48.05 on 12-Jun-2020.

Last one week high and low of the scrip stood at Rs. 227.90 and Rs. 181.00 respectively. The current market cap of the company is Rs. 424.96 crore.

The promoters holding in the company stood at 61.71%, while Institutions and Non-Institutions held 0.03% and 38.27% respectively.

Onward Technologies’ board has approved the formation of wholly owned subsidiary for expanding its footprint to carry out the business of engineering designing and IT services in Netherlands. The said wholly owned subsidiary named Onward Technologies B.V. was registered on June 4, 2021 and the company has received the registration certificate for the same. The object of wholly-owned subsidiary would be in the field of Engineering Research and Development (ER&D), Digital Transformations and Information Technology Services.

Onward Technologies is an ISO 9001-2000 certified company serving customers in the areas of Engineering Design Services, IT Services and IT driven Banking Products & Financial Services.