Nexxoft Infotel rallies before board meets on US subsidiary
Nexxoft Infotel on Thursday rallied by 5 per cent to 1-year high on BSE on the news that its board would meet to consider creation of wholly owned subsidiary in the USA.
By PTI |
MUMBAI: High-tech solution provider Nexxoft Infotel on Thursday rallied by 5 per cent to 1-year high on BSE on the news that its board would meet to consider creation of wholly owned subsidiary in the USA to aid business growth via partnerships, joint ventures and special purpose vehicle.
Shares of Nexxoft Infotel traded firm in what was a weak market broadly at Rs 65.10, up 5 per cent, which is the maximum permissible one day gain on Bombay Stock Exchange.
Meanwhile, the 30-share benchmark Sensex was trading at 17,478.20 points, down 1.26 per cent from previous close.
Nexxoft Infotel focuses on interactive 3D technologies, games, RFID security and people tracking solutions and enterprise resource planning.
Shares of Nexxoft Infotel traded firm in what was a weak market broadly at Rs 65.10, up 5 per cent, which is the maximum permissible one day gain on Bombay Stock Exchange.
Meanwhile, the 30-share benchmark Sensex was trading at 17,478.20 points, down 1.26 per cent from previous close.
Nexxoft Infotel focuses on interactive 3D technologies, games, RFID security and people tracking solutions and enterprise resource planning.
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