Infotech Enterprises

In a BSE filing, Cyient said Colonial First State Asset Management (Australia) Ltd, First State Investments International Ltd, First State Investments Management (UK) Ltd and First State Investments (Singapore) increased their stake in the company to 9.45 per cent on April 20.

Cyient subsidiary to acquire US-based Certon Software

"Cyient Inc., USA, a wholly-owned subsidiary of the company, has signed a definitive agreement to acquire 100 per cent equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction," Cyient Ltd said in a BSE filing.

Cyient Q4 net profit dips 29.7% to Rs 65.9 cr

Cyient's revenue stood at Rs 815.8 crore in the said quarter as against Rs 730 crore in the year-ago period, up 11.8 per cent.

Cyient hits record high, up 14% on strong performance in Q2

Hyderabad-based engineering, network and operations solutions company (earlier known as Infotech Enterprises) on Wednesday reported a 31.7 percent (sequential) growth in second quarter net profit at Rs 90.2 crore led by strong revenue and operational performance.

Cyient Q2 net up 32% on strong revenue, operational income

Revenue during the quarter grew by 8.15 percent to Rs 672.4 crore compared to Rs 621.7 crore in previous quarter while dollar revenue growth was 6.7 percent at USD 111 million during the same period (as against forecast of USD 107.8 million).

Cyient Q2 profit may jump 36.5% to Rs 93.5 cr: Poll

Analysts expect dollar revenue growth to appear lower than the 7.8 percent growth reported in Q1 as Q1 had a USD 3.56 million revenue contribution from its acquisition Softential.

Motherson Sumi Systems may touch Rs 260-270: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher feels that Motherson Sumi Systems may touch Rs 260-270.

Infotech Enterprise up 5% on buying US firm Softential

Krishna Bodanapu, President & COO, Infotech said Softential's 2013 revenue stands at USD 17-18 million. The price paid for the buyout includes 1.1 times of its 2013 revenue plus another performance-based payout component based on EBITDA over the 12 months.

Infotech buys US-based Softential in all cash deal

Krishna Bodanapu, President & COO, Infotech said Softential buyout will allow Infotech to provide better services to its telecom clients and add to its margins.

6850 on Nifty likely; be cautious & buy on dips: Ajay Bodke

According to Ajay Bodke, Prabhudas Lilladher one should clearly watch out for the forthcoming events of the week that is the Crimean referendum on March 16 and IIP numbers that are slated to come out later in the week, which could be a disappointing for the month of January

Top 10 stocks to focus on March 10

According to CNBC-TV18‘s research team following are the stocks to focus on Dr Reddy's, BPCL, Ranbaxy, Dishman Pharma, Bank of Baroda, Ashok Leyland, Jaiprakash Assoc, Crompton Greaves, Eicher Motors and Infotech Ent.

Infotech to acquire Softential in all cash deal

Infotech Enterprises enters into definitive agreement to acquire Softential in an all cash deal. The payment for this stands at USD 18.7 million plus an earnings-based payout.

Stocks in news: IOC, RIL, Vascon Engineers, Financial Tech

IOC| Reliance Industries | Godrej Consumer | Mahindra and Mahindra | Tata Motors | Tech Mahindra | India Infoline | Vascon Engineers | Infotech Enterprises | MERCK | Dishman Pharma | Hotel Leela Venture | Financial Technologies and Shree Ganesh Jewellery are stocks, which are in news today.

Tech Mahindra, Persistent top picks: Sandeep Muthangi

According to Sandeep Muthangi, VP Research at IIFL Institutional Equities, Tech Mahindra and Persistent Systems are the top picks in the IT space.

Infotech Enter consolidated Dec '13 sales at Rs 578.35 crore

Infotech Enterprises has reported a consolidated sales turnover of Rs 578.35 crore and a net profit of Rs 69.39 crore for the quarter ended Dec '13

Confident of delivering strong results ahead: Infotech Ent

Infotech Enterprises is quite confident of its order backlog and pipeline and aims to delivering strong results going forward.

Stocks in news: HCL Tech, TCS, Sasken, Cairn, Axis Bank

HCL Technologies | TCS | Axis Bank | Bajaj Auto | Sasken Communication | Lovable Lingerie | DCB Bank | Cairn India | IOC and Exide Industries are stocks, which are in the news today.

Like Infotech, Torrent Pharma, Shriram Transport: Goswami

Jaideep Goswami, Head of Equity at ICICI Securities is of the view that one may see decent upside in Shree Cements.

What makes ICICI Securities bullish on these 11 stocks

From the IT pack, Infosys remains one of his top picks from the sector. He sees the company posting 13 percent denominated growth in US dollar terms in FY15.

Prefer eClerx Services, Infotech Enterprises: Ravi Menon

Ravi Menon, IT Analyst at Centrum Broking is of the view that eClerx Services may test Rs 1260.

Bull's Eye: Buy Glenmark, Apollo Tyres, UPL, Infotech Ent

Pankaj Jain of Sunteck Wealthmax advises buying Apollo Hospital for a target price of Rs 907 and Apollo Tyres for a target price of Rs 108.

Pick Sun Pharma, Tech Mahindra: Dipan Mehta

Dipan Mehta, member of BSE and NSE is of the view that one may pick Tech Mahindra from technology space and Sun Pharmaceutical Industries within the pharma space.

Buy Infotech, HCL Tech, Ipca Labs: Nirmal Jain

Nirmal Jain, chairman of IIFL recommends buying Infotech Enterprises, HCL Technologies, Ipca Laboratories, Torrent Pharma and Dr Reddys Laboratories.

GAGIL FDI cuts stake in Infotech Ent, Lavender ups holding

New Zealand-based Lavender Investments raised its stake in the company by 1.2 percent to 5.69 percent by buying 13.6 lakh shares at Rs 240 apiece. It had purchased 49.9 lakh shares (or 4.47 percent stake) of Infotech Enterprises at Rs 165 apiece on May 2013.

Angel Broking neutral on Infotech Enterprises

Brokerage house Angel Broking has maintained a 'Neutral' rating on Infotech Enterprises in its October 17, 2013 research report.