8K Miles Q2 FY17 Revenue up 18% qoq

8K Miles Software Services, Ltd., a leading Global IT Business Transformation, Secure Cloud Solutions and Managed Services Provider, today announced the Company’s unaudited financial results for the quarter ended 30th September, 2016 as approved by the Board of Directors.

The company reported 170% jump in net profit at Rs 24 crore for the quarter ended September 30. Its gross revenue stood at Rs 122 crore, up 100% on YoY basis, while its EBITDA grew to Rs 42 crore, an increase of 101% YoY.

As an innovation thought leader and an early mover of Enterprise  wide IT Business Transformation through  Cloud Computing for Highly Regulated Industries, 8K Miles is able to make an impact across verticals, industry recognized secure and compliant control framework resulting in acceleration of new cloud business initiatives for fortune 500 customers,”said Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd. 

Stock Commentary:

8K Miles Software Services Ltd is currently trading at Rs 778, up by Rs 17.4 or 2.29% from its previous closing of Rs 760.6 on the BSE.

The scrip opened at Rs 775.85 and has touched a high and low of Rs 814.7 and Rs 767.2 respectively. So far 244005(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2321.17 crore.

The BSE group ‘B’ stock of face value Rs 5 has touched a 52 week high of Rs 956.25 on 14-Jan-2016 and a 52 week low of Rs 478.13 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 807 and Rs 752.2 respectively.

The promoters holding in the company stood at 63.41 % while Institutions and Non-Institutions held 2.69 % and 33.89 % respectively.

The stock is currently trading above its 50 DMA.

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Today Nifty Support & Resistance Levels 20-02-2015

CH: GOOD MORNING

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 8790

SUPP 2: 8725

RES 1: 8925

RES 2: 8970

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Today Nifty Support & Resistance Levels 19-02-2015

CH: GOOD MORNING

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 8790

SUPP 2: 8725

RES 1: 8925

RES 2: 8970

www.capitalheight.com

0731-6615050

Today Nifty Support & Resistance Levels 18-02-2015

CH: GOOD MORNING

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 8725

SUPP 2: 8685

RES 1: 8845

RES 2: 8925

www.capitalheight.com

0731-6615050

Today Nifty Support & Resistance Levels 16-02-2015

CH: GOOD MORNING

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 8725

SUPP 2: 8685

RES 1: 8845

RES 2: 8925

www.capitalheight.com

0731-6615050