Megasoft is currently trading at Rs. 21.90, up by 1.80 points or 8.96% from its previous closing of Rs. 20.10 on the BSE.
The scrip opened at Rs. 22.40 and has touched a high and low of Rs. 23.00 and Rs. 21.45 respectively. So far 1,29,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.00 on 14-Oct-2016 and a 52 week low of Rs. 6.35 on 31-Mar-2016.
Last one week high and low of the scrip stood at Rs. 23.00 and Rs. 19.55 respectively. The current market cap of the company is Rs. 97.39 crore.
The promoters holding in the company stood at 7.24%, while Institutions and Non-Institutions held 8.57% and 84.19% respectively.
Megasoft, a leading technology company, has been awarded cloud-enabled solution & services contract by the Bihar State Electronics Development Corporation (BELTRON). The state Government of Bihar, through BELTRON, plans to establish state-of-the-art cloud computing facility for use by its various e-Governance programs and other IT-driven initiatives. The company has inked a Memorandum of Understating (MoU) with Bihar government for the same.
The cloud-enabled State Data Centre (SDC) named ‘Bihar Cloud’ is one of the important elements for supporting initiatives of National e-Governance Plan (NeGP). The primary purpose of the cloud computing solution is to establish a viable ‘Private’ cloud environment for use by the various e-Governance applications of Bihar.
Megasoft is a transnational technology company, focused on telecom. XIUS, the US based telecom division of Megasoft is a leader in delivering innovative, revenue-generating solutions to Mobile Operators, MVNEs and MVNOs worldwide.