Micro Technologies India gained 2.17% to Rs 243 at 11:44 IST on BSE on reports the company is close to $25 million funding deal for its wholly owned subsidiary, Micro Secure Solutions.
Meanwhile, BSE Sensex was up 346.11 points or 2.15% to 16,469.26.
On BSE, 13,387 shares were traded in the counter. The scrip had an average daily volume of 90,505 shares in the past one quarter.
The stock hit a high of Rs 252.17 and a low of Rs 240 so far during the day. The stock had a 52-week high of Rs 385 on
The company’s current equity is Rs 10.75 crore. Face value per share is Rs 10.
The current price of Rs 243 discounts Q3 December 2007 annualized EPS of Rs 53.66 by a PE multiple of 4.53.
Micro Secure Solutions offers security services and products for premises. As per reports, the company is looking for private equity funds or other strategic investors for the funding deal.
Micro Technologies India’s net profit rose 21.48% to Rs 14.42 crore on 20.69% growth in net sales to Rs 46.60 in Q3 December 2007 over Q2 September 2007.
The company provides information technology (IT) solutions. The services of the company include system integration, software services and products, technical services, E commerce and Internet services.
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