IT player, Virinchi Ltd.
was on a roll on the bourses during Tuesday’s trade as the stock
breached upper circuit. The stock breached upper circuit at Rs 82.40 per
share, up by Rs 7.45 or 9.94% on the BSE as against its previous close
of Rs 74.95.
The stock has gained nearly 20% in the past four trading sessions. The company had hit its 52-week high of Rs 131.50 on April 10, 2017, and 52-week low of Rs 50.10 on August 29, 2016, on the BSE.
The company on Monday reported its consolidated unaudited financial results for the quarter ended June 30, 2017. The revenue from operation came in at Rs 83.85 crore for the quarter, higher by 51.12% as compared to previous year revenue for the same quarter. The net profits also jumped by nearly 73% on Y-o-Y basis
The stock has gained nearly 20% in the past four trading sessions. The company had hit its 52-week high of Rs 131.50 on April 10, 2017, and 52-week low of Rs 50.10 on August 29, 2016, on the BSE.
The company on Monday reported its consolidated unaudited financial results for the quarter ended June 30, 2017. The revenue from operation came in at Rs 83.85 crore for the quarter, higher by 51.12% as compared to previous year revenue for the same quarter. The net profits also jumped by nearly 73% on Y-o-Y basis
Virinchi Limited, formerly Virinchi Technologies Limited, is an
information technology (IT) products and services company. The company
is engaged in software development and research. The company's segments
include Software Product, Software Services, IT Enabled, and
Infrastructure and Real Estate Services. The company's products and
solutions include QFund, Enterprise Enabler, FairShare, Vendor Relations
Enabler, Virinchi Manufacturing, eTendering, eLogistics, iAcquisto,
Catalog Manager, Online Auction, eSales, Active, TrakPORT, Case Trail
and Language Processor..
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