Cambridge Technology Enterprises was locked at 10% upper limit at Rs 61.05 at 10:56 IST on BSE, after the company said on Monday, 8 September 2008, its board has approved the acquisition of US based Protege Software Services Inc.
The company made this announcement before trading hours today, 8 September 2008.
The stock hit a high of Rs 61.05 and a low of Rs 57 so far during the day. The stock has a 52-week high of Rs 100.90 on 2 January 2008 and a 52-week low of Rs 26.65 on 27 March 2008.
The company’s current equity is Rs 15.82. Face value per share is Rs 10.
The current price of Rs 61.05 discounts Q1 June 2008 annualized EPS of Rs 4.80, by a PE multiple of 12.72.
Protege Software Services Inc provides professional services and solutions for Oracle application products and technologies.
Cambridge Technology Enterprises’ net profit fell 53.32% to Rs 1.9 crore on 26.68% fall in net sales to Rs 8.82 crore in Q1 June 2008 over Q4 March 2008.
The company is into software development. The group provides technology solutions for commercial customers throughout the United States and India.
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