8K Miles Software spurts after strong Q3 outcome

8K Miles Software Services rose 5.58% to Rs 785.55 at 9:23 IST on BSE after consolidated net profit rose 29.95% to Rs 5.38 crore on 27.28% rise in total income to Rs 34.47 crore in Q3 December 2014 over Q2 September 2014.

The result was announced after market hours yesterday, 8 January 2015.

Meanwhile, the BSE Sensex was up 209.18 points, or 0.77%, to 27,483.89.

On BSE, so far 40,000 shares were traded in the counter, compared with an average volume of 53,373 shares in the past one quarter.

The stock hit a high of Rs 815 and a low of Rs 772 so far during the day. The stock hit a record high of Rs 923 on 8 January 2014. The stock hit a 52-week low of Rs 75 on 9 January 2014.

The stock had outperformed the market over the past one month till 8 January 2015, rising 12.70% compared with 3% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 36.90% as against Sensex's 3.92% rise.

The small-cap company has an equity capital of Rs 10.04 crore. Face value per share is Rs 10.

8K Miles Software Services offers global secure cloud solutions and managed services. The company provides digital technology solutions - SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, enterprises and government agencies.

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