Saksoft jumps on acquiring 51% stake in ThreeSixty Logica

Saksoft surged 14.96% to Rs 152.90 at 10:30 IST on BSE after the company signed the share purchase agreement on 31 December 2014, towards acquisition of 51% of the share capital of ThreeSixty Logica Testing, a testing services company.

The company made announcement before trading hours today, 1 January 2014

Meanwhile, the S&P BSE Sensex was down 48.92 points or 0.19% at 27,448.40.

On BSE, so far 1,988 shares were traded in the counter as against average daily volume of 2,896 shares in the past one quarter.

The stock hit a high of Rs 154 and a low of Rs 142 so far during the day. The stock hit a 52-week high of Rs 197 on 13 October 2014. The stock hit a 52-week low of Rs 62.85 on 31 December 2013.

The stock had underperformed the market over the past one month till 31 December 2014, falling 5% compared with Sensex's 4.16% fall. The scrip had also underperformed the market in past one quarter, with zero returns as against Sensex's 3.26% rise.

The small-cap firm has equity capital of Rs 10.36 crore. Face value per share is Rs 10.

Saksoft's consolidated net profit rose 10% to Rs 3.74 crore on 2.89% rise in total income to Rs 58.73 crore in Q2 September 2014 over Q2 September 2013.

Saksoft is a provider of Information Management solutions to successful organizations around the world.

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