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Rolta jumps after securing order

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surged 5.61% to Rs 62.15 at 11:49 on after the company said it has secured a contract worth $10.8 million from one of the largest countries in the Middle East.

The announcement was made during market hours today, 17 July 2017.

Meanwhile, the S&P Sensex was up 68.38 points or 0.21% at 32,089.13. The S&P Small-Cap index rose 9.11 points or 0.06% at 15,917.12.

On the BSE, 5.78 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one quarter. The stock had hit a high of Rs 63.90 and a low of Rs 58.70 so far during the day. The stock had hit a 52-week high of Rs 74.30 on 13 December 2016 and a 52-week low of Rs 48.10 on 9 November 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 14.94% compared with the Sensex's 2.78% rise. The stock had, however, underperformed the market over the past one quarter, declining 0.76% as against the Sensex's 8.69% rise. The scrip had also underperformed the market over the past one year, sliding 11.97% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 164.86 crore. Face value per share is Rs 10.

announced that it has been selected to provide a transformational Geospatial solution worth $10.8 million for one of the largest countries in the Middle East. This solution will be an integral element for supporting a prestigious national level Digital Transformation program to fulfill their ambitious vision spanning the next 15-years.

On consolidated basis, India's net profit rose 41.68% to Rs 52.34 crore on 19.74% decline in net sales to Rs Q4 March 2017 over Q3 December 2016.

Rolta is a leading provider of innovative IP-led IT solutions for many vertical segments, including federal and state governments, utilities, oil & gas, petrochemicals, financial services, manufacturing, retail, and healthcare.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 11:50 IST