i-flex Solutions surged 3.99% to Rs 1474.90 at 14:15 IST on BSE after the company said WWB Colombia, a Latin American financial institution has selected its banking suite Flexcube for core transaction processing.
The company made this announcement during trading hours today, 4 July 2008.
Meanwhile, the BSE Sensex was up 236.58 points, or 1.81%, to 13,330.69.
On BSE, 1.14 lakh shares were traded in the counter. The scrip had an average daily volume of 45,929 shares in the past one quarter.
The stock hit a high of Rs 1499.95 and a low of Rs 1401 so far during the day. The stock had a 52-week high of Rs 2625.80 on 4 July 2007 and a 52-week low of Rs 892 on 24 March 2008.
The mid-cap company had outperformed the market over the past one month till 3 July 2008, gaining 13.95% compared to the Sensex’s decline of 15.60%. It had also outperformed the market in the past one quarter, gaining 47.41% compared to Sensex’s decline of 14.66%.
The company has an equity capital of Rs 41.87 crore. Face value per share is Rs 5.
The current price of Rs 1474.90 discounts its Q4 March 2008 annualised EPS of Rs 78.97, by a PE multiple of 18.68.
In June 2008, Credit Agricole, a leading French bank, selected Flexcube,i-flex's core-banking platform, to support international consolidation and growth.
On 15 May 2008, Kotak Mahindra Bank selected i-flex’s wealth management solution - Flexcube Private Banking to manage relationships with high net worth individuals.
i-flex Solutions’ net profit rose 49.23% to Rs 165.32 crore on 13.07% rise in net sales to Rs 516.42 crore in Q4 March 2008 over Q3 December 2007.
The company provides information technology solutions to the financial service industry worldwide.
The company made this announcement during trading hours today, 4 July 2008.
Meanwhile, the BSE Sensex was up 236.58 points, or 1.81%, to 13,330.69.
On BSE, 1.14 lakh shares were traded in the counter. The scrip had an average daily volume of 45,929 shares in the past one quarter.
The stock hit a high of Rs 1499.95 and a low of Rs 1401 so far during the day. The stock had a 52-week high of Rs 2625.80 on 4 July 2007 and a 52-week low of Rs 892 on 24 March 2008.
The mid-cap company had outperformed the market over the past one month till 3 July 2008, gaining 13.95% compared to the Sensex’s decline of 15.60%. It had also outperformed the market in the past one quarter, gaining 47.41% compared to Sensex’s decline of 14.66%.
The company has an equity capital of Rs 41.87 crore. Face value per share is Rs 5.
The current price of Rs 1474.90 discounts its Q4 March 2008 annualised EPS of Rs 78.97, by a PE multiple of 18.68.
In June 2008, Credit Agricole, a leading French bank, selected Flexcube,i-flex's core-banking platform, to support international consolidation and growth.
On 15 May 2008, Kotak Mahindra Bank selected i-flex’s wealth management solution - Flexcube Private Banking to manage relationships with high net worth individuals.
i-flex Solutions’ net profit rose 49.23% to Rs 165.32 crore on 13.07% rise in net sales to Rs 516.42 crore in Q4 March 2008 over Q3 December 2007.
The company provides information technology solutions to the financial service industry worldwide.
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