Take Solutions extends gains after forming step down subsidiary

Take Solutions gained 2.79% to Rs 175 at 11:00 IST on BSE after the company said that it has incorporated a step down subsidiary company, Navitas Lifesciences S.A.S in Colombia on 3 January 2018.

The announcement was made after market hours yesterday, 4 January 2018.

Take Solutions said that Navitas Lifesciences S.A.S is fully owned by company's step down subsidiary Navitas Inc USA. The company's business will cater to lifesciences industry.

Meanwhile, the BSE Sensex was up 163.67 points, or 0.48% to 34,133.31. The BSE Small-Cap index was up 199.66 points, or 1.02% to 19,715.30, outperforming the Sensex.

On the BSE, 38,640 shares were traded in the counter so far, compared with an average volume of 28,263 shares in the past one quarter. The stock had hit a high of Rs 177.50 and a low of Rs 171.90 so far during the day. The stock had hit a 52-week high of Rs 183.90 on 5 July 2017. The stock had hit a 52-week low of Rs 118.20 on 30 May 2017.

The stock had outperformed the market over the past one month till 4 January 2018, gaining 7.79% compared with the Sensex's 3.35% rise. The scrip had, however, underperformed the market over the past one quarter, falling 0.15% as against the Sensex's 7.26% rise. The scrip had also underperformed the market over the past one year, gaining 19.43% as against the Sensex's 27.55% rise.

The stock has gained 8.83% in five sessions to its ruling price, from a close of Rs 160.80 on 29 December 2017.

The small-cap company has an equity capital of Rs 13.32 crore. Face value per share is Re 1.

Take Solutions' consolidated net profit rose 2.71% to Rs 36.69 crore on 4.67% rise in net sales to Rs 370.93 crore in Q2 September 2017 over Q1 June 2017.

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