Infotech Enterprises up 10% on Eurocopter deal
Shares of Infotech Enterprises rose nearly 10 per cent after the company inked a deal with Eurocopter, a Germany-based helicopter manufacturing company, for the attack helicopter programme of the Indian government.
By ET Bureau |
MUMBAI: Shares of Infotech Enterprises rose nearly 10 per cent after the company inked a deal with Eurocopter, a Germany-based helicopter manufacturing company, for the attack helicopter programme of the Indian government.
The company had reported a 43 per cent drop in standalone net profit for the quarter ended December 2008 to Rs 8.37 crore from Rs 14.78 crore in the same quarter previous year.
Net sales for the quarter rose 30.47 per cent to Rs 147.65 crore, while total income for the quarter rose 14.10 per cent to Rs 133.53 crore.
There were media reports that the technology solutions provider may acquire two aerospace companies with an investment of $30-50 million, in line with company's expansion plans.
At 11 am, the company's shares were up 6.53 per cent at Rs 97 on the BSE.
The company had reported a 43 per cent drop in standalone net profit for the quarter ended December 2008 to Rs 8.37 crore from Rs 14.78 crore in the same quarter previous year.
Net sales for the quarter rose 30.47 per cent to Rs 147.65 crore, while total income for the quarter rose 14.10 per cent to Rs 133.53 crore.
There were media reports that the technology solutions provider may acquire two aerospace companies with an investment of $30-50 million, in line with company's expansion plans.
At 11 am, the company's shares were up 6.53 per cent at Rs 97 on the BSE.
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