8K Miles rallies 9% in a dull market
Shares of 8K Miles Software Services jumped by 9 per cent or Rs 151, in an otherwise dull market to hit a new lifetime high of Rs 1,894 on Friday.
By ET Online | Updated:
NEW DELHI: Shares of 8K Miles Software Services jumped by 9 per cent or Rs 151, in an otherwise dull market to hit a new lifetime high of Rs 1,894 on Friday.
The counter had witnessed a major rally hit a lifetime high of Rs 1,874 on October 9 on the BSE after the company more than doubled its consolidated net profit at Rs 8.74 crore for the second quarter ended September 30 amid strong operational income. The company had reported Rs 4.15 crore profit for the year-ago quarter.
8K Miles offers secure cloud, including innovations around service delivery models to address better patient care and off improved a healthcare system at lower cost. Total operational income of the company during the September quarter rose 126 per cent to Rs 61.08 crore from Rs 27.08 crore in the corresponding quarter of the previous year.
On Friday, the stock hit a high of Rs 1,920 and a low of Rs 1,739.50 in the first half of the day. The counter also witnessed a surge in turnover at 6.69 crore shares.
“We see strong growth in our solutions for Healthcare and Life Science industries and expects to attain leadership position over next 24 months,” Suresh Venkatachari, Chairman and Managing Director of 8K Miles Software Services, said earlier this month.
The counter had witnessed a major rally hit a lifetime high of Rs 1,874 on October 9 on the BSE after the company more than doubled its consolidated net profit at Rs 8.74 crore for the second quarter ended September 30 amid strong operational income. The company had reported Rs 4.15 crore profit for the year-ago quarter.
8K Miles offers secure cloud, including innovations around service delivery models to address better patient care and off improved a healthcare system at lower cost. Total operational income of the company during the September quarter rose 126 per cent to Rs 61.08 crore from Rs 27.08 crore in the corresponding quarter of the previous year.
On Friday, the stock hit a high of Rs 1,920 and a low of Rs 1,739.50 in the first half of the day. The counter also witnessed a surge in turnover at 6.69 crore shares.
“We see strong growth in our solutions for Healthcare and Life Science industries and expects to attain leadership position over next 24 months,” Suresh Venkatachari, Chairman and Managing Director of 8K Miles Software Services, said earlier this month.
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