Hinduja Global Solutions rose 0.91% to Rs 420 at 10:05 IST on BSE after the company said its subsidiary partnered with Health Alliance Medical Plans to implement a sales-automation solution.
The announcement was made during market hours today, 21 June 2016.Meanwhile, the BSE Sensex was down 72.04 points, or 0.22%, to 26,809.14.
On BSE, so far 95 shares were traded in counter, compared with an average volume of 6,866 shares in the past one quarter. The stock hit a high of Rs 420 and low of Rs 415.45 so far during the day. The stock hit a 52-week high of Rs 599.50 on 10 August 2015. The stock hit a 52-week low of Rs 365 on 29 February 2016. The stock had underperformed the market over the past one month till 20 June 2016, gaining 5.96% compared with 6.19% gains in the Sensex. The scrip had also underperformed the market in past one quarter, rising 6.5% as against Sensex's 7.67% gains.
The small-cap company has an equity capital of Rs 20.73 crore. Face value per share is Rs 10.
HGS Colibrium, Inc., (Colibrium), a subsidiary of Hinduja Global Solutions (HGS) partnered with Health Alliance Medical Plans to implement Colibrium's Tuo Marketplace to provide a sales-automation solution for individual and group markets. Founded in 2005, Colibrium, delivers integrated software solutions designed specifically for the health insurance industry.
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Health Alliance looks to transformational platform to sell and service health plans and optimize member engagement prior to fall open enrollment. In advance of the next open enrollment period, which begins 1 November, Colibrium will deploy Tuo Marketplace for the Health Alliance individual market segment. Tuo Marketplace enables direct-to consumer health plan shop, compare and enroll capabilities for online sales, and provides brokers and agents with state-of-the-art tools to engage, inform and enroll prospective clients.
Based in Urbana, IL, Health Alliance serves more than 3 lakh members in the Under 65 and Group market segments in downstate Illinois, Iowa, Nebraska and Washington. Tuo Marketplace will replace Health Alliance Medical Plan's current online enrollment program, and will be leveraged to deliver a superior digital customer experience.
Hinduja Global Solutions (HGSL)'s consolidated net profit jumped 138.39% to Rs 40.79 crore on 3.51% rise in net sales to Rs 913.93 crore in Q4 March 2016 over Q3 December 2015.
HGSL provides a full suite of business process management (BPM) services from consumer interaction solutions to platform based back office services and digital enablement solutions.
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