Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Cosyn gains nearly 900% in last 15 months on high volumes
BackBack

Cosyn gains nearly 900% in last 15 months on high volumes

In intraday trade, Cosyn stock reached a high of `84.50 a share, a level last seen on 4 March 2008, and gained as much as 2.8% from its previous close

So far this year, Cosyn has gained 142%. India’s benchmark Sensex Index rose 1.14% to 28,831.79 points. Photo: MintPremium
So far this year, Cosyn has gained 142%. India’s benchmark Sensex Index rose 1.14% to 28,831.79 points. Photo: Mint

Mumbai: Shares of Cosyn Ltd gained nearly 900% in the last 15 months on the back of higher volumes. The stock was trading at an eight-and-half-year high on Thursday.

In intraday trade, the stock reached a high of 84.50 a share, a level last seen on 4 March 2008, and gained as much as 2.8% from its previous close.

The stock hit a low of 8.55 on 26 June 2015 and since then has gained 888.3%. So far this year, it has gained 142%. India’s benchmark Sensex Index rose 1.14% to 28,831.79 points.

On 12 September, the company said in a notice to BSE that the company in consortium with two Oman-based companies got an order in the utilities space worth 75 crore. The duration of the project is four years. The order requires formation of a joint venture for which discussions are taking place.

In the June quarter, the company reported a net profit of 1.70 crore, up 161.5% from 65.15 lakh a year ago. Net sales rose 36.45% to 8.19 crore.

Cosyn offers information technology (IT) and IT-enabled services. The company provides business differentiation solutions to its clients in utilities ITES, e-governance, and data and information management such as document design and digitization, data processing, domain consultancy, database migration, application development and data mining services.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Sep 2016, 11:19 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App