Most technical experts feel that the momentum is likely to continue in December as well. The Nifty50 which reclaimed 10,800 is on track to hit 11,000 in this year as well.
Selling in some small & mid-cap stocks started in the beginning of 2018 also —thanks to high valuations, but the pressure increased further post August
The net profit of Rs 47.51 crore would be much higher if we include the same before the payout to the minority shareholders, at Rs 58.50 crore, which is up 32.49 per cent, said the company.
After leveraging its success in the US, the company is expanding across Europe and Asia in both public and private sectors, the company said.
8K Miles Software Services has been a big buzzer this week, up 20 percent in the first three days. In an interview to CNBC-TV18, Suresh Venkatachari, Chairman & Chief Executive Officer of 8K Miles spoke about the latest happenings in his company and sector.
The Silicon Valley-based but Chennai-headquartered company said its revenue grew to Rs 195.73 crore, an increase of 17.46 per cent sequentially, and 88.40 per cent on an annualised. Annualised Editda jumped 75.22 per cent to Rs 64.44 crore. On a quarter on quarter basis, Editda rose 10.47 per cent.
Leading cloud computing player 8K Miles Software Services today reported a 115 percent jump in net profit at Rs 32.60 crore for the three months to December on a healthy growth in revenue and margins.
In an interview to CNBC-TV18, Suresh Venkatachari, Chairman & CEO of 8K Miles Software Services spoke about the results and his outlook for the company.
The US-subsidiary of 8K Miles Software Services has entered into a definitive agreement to acquire Cornerstone Advisors Group. Speaking to CNBC-TV18, Suresh Venkatachari, Chairman & CEO, 8K Miles hopes Cornerstone meets the expectation of 34-35 percent margins after combining with 8K Miles.
The company's US-subsidiary 8K Miles Software Services, Inc has entered into a definitive agreement to acquire Cornerstone Advisors Group, LLC for USD 10.25 miilion inclusive of earn-out payments as a combination of cash and stock.
Net income after minority interests rose 170 percent to Rs 24 crore, while on a sequential basis, it rose 19 percent and the same after minority interest grew by 22 percent.
ITC | Oil India | A2Z Infra | IRB Infra | TTML | JSW Steel | JSPL | Ajanta Pharma | Dr Reddy's Laboratories | Reliance Industries | Country Club | Talwalkars | DCM | Indo Borax | Capri Global | Smartlink | Sunil Hitech Engineers | Fortis Healthcare | MT Educare | RBL Bank and Power Grid are stocks, which are in news today.
Cloud computing player 8K Miles Software today said it plans to raise Rs 500 crore through a mix of instruments, including issue of fresh equity shares or convertible bonds via qualified institutional placement, among others.
Mitesh Thacker of miteshthacker.com recommends buying Oriental Bank of Commerce and 8K Miles Software Services.
Shares of 8K Miles Software Services jumped more than 16 percent intraday Friday after the board decided to consider bonus issue and sub-division of shares during the month.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 while sharing his views why 8K Miles does not warrant a buy at current levels and why he is bullish on the pharma space.
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharma, Lupin and Dr Reddy's Laboratories on declines.
According to Prakash Gaba of prakashgaba.com, support for the Nifty is at 8280-8240 and the resistance is at 8370-8400. 8K Miles Software, Ajanta Pharma and Indusind Bank are bullish plays.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Bharti Airtel, Idea Cellular, Zee Learn, Cadila Healthcare, Tata Motors, Jagran Prakashan, HT Media, Glenmark Pharmaceuticals, Alkem Laboratories, Torrent Pharma, 8K Miles & NBCC.
Jump on first quarter revenues and bottomline is on back on new clients - four in healthcare and two in pharma sector, says Suresh Venkatachari, Chairman & CEO of 8K Miles.
Whether that rally will sustain or not will depend on upcoming events like the passage of GST Bill in the next parliament session that will begin on July 18, a further progress of the monsoon and Q1FY17 earnings that will kick off next week with smallcaps.
Standout companies differentiate themselves by way of stock price return over the long term.