Heard on the street
SHARES of BPO service provider, Sparsh BPO - owned by Blackstone-backed outsourcing firm Intelenet Global Service - have been steadily rising over the past few sessions.
By ET Bureau |
HNI touch fires up Sparsh BPO stock
SHARES of BPO service provider, Sparsh BPO ��� owned by Blackstone-backed outsourcing firm Intelenet Global Service ��� have been steadily rising over the past few sessions.
Buzz is that a group of high net worth individuals are accumulating the stock. In addition, some domestic mutual funds too have picked up small lots, say dealers tracking the counter.
The word on the street is that with the US economy on a gradual recovery path, order flows are likely to pick up in the coming days. The stock rose 3% in a dull session to close at Rs 48.70 on BSE. It has risen 8% over the past one week and 28% in the past one month.
The company manages processes across several verticals, including banking and financial services. Intelenet Global Service owns around 51% in the company while SKR BPO Services owns around 20%.
Institutional investors own nearly 15% in the company. SKR BPO is co-owned by Blackstone GVP Capital and Mauritius and Intelenet management.
Contributed by Deeptha Rajkumar
SHARES of BPO service provider, Sparsh BPO ��� owned by Blackstone-backed outsourcing firm Intelenet Global Service ��� have been steadily rising over the past few sessions.
Buzz is that a group of high net worth individuals are accumulating the stock. In addition, some domestic mutual funds too have picked up small lots, say dealers tracking the counter.
The word on the street is that with the US economy on a gradual recovery path, order flows are likely to pick up in the coming days. The stock rose 3% in a dull session to close at Rs 48.70 on BSE. It has risen 8% over the past one week and 28% in the past one month.
The company manages processes across several verticals, including banking and financial services. Intelenet Global Service owns around 51% in the company while SKR BPO Services owns around 20%.
Institutional investors own nearly 15% in the company. SKR BPO is co-owned by Blackstone GVP Capital and Mauritius and Intelenet management.
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Contributed by Deeptha Rajkumar
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