Four Soft ends marginally higher on Prime Cargo deal
BS Reporter / Mumbai May 11, 2009, 16:18 IST
Significant profit-taking in the latter half of the day saw the stock finish with a marginal gain of 0.5% at Rs 15.25. Around 25,861 shares were traded at the counter on the BSE today.
________________________________________________________ (Updated at 1207 hrs)
Four Soft has gained over 5% on signing a deal with Prime Cargo Netherlands.
The stock opened at Rs 15.15. and soon surged 8.6% to a high of Rs 16.50. It is now up 5.5% at Rs 16. The counter has witnessed relatively heavy trading volumes of around 16,653 shares, when compared with its 2-week daily traded average volume of around 6,630-odd shares.
According to a release issued to the BSE by Four Soft, it has entered into a contract with Prime Cargo Netherlands BV. The company's freight forwarding solutions will be used to rationalise and automate the freight forwarding processes of the Netherlands based company.
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