Rolta India trades jubilantly on the bourses

Rolta India is currently trading at Rs. 81.20, up by 6.15 points or 8.19% from its previous closing of Rs. 75.05 on the BSE. The scrip opened at Rs. 75.50 and has touched a high and low of Rs. 84.40 and Rs. 75.25 respectively. So far 679899 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.40 on 20-May-2014 and a 52 week low of Rs. 50.00 on 12-Jun-2013. Last one week high and low of the scrip stood at Rs. 84.40 and Rs. 73.65 respectively. The current market cap of the company is Rs. 1323.71 crore. The promoters holding in the company stood at 50.54% while Institutions and Non-Institutions held 19.26% and 29.19% respectively. Credit rating agency, CARE has reaffirmed ‘A’ rating to Rolta India’s long term bank facilities worth Rs 2,546.30 crore. The rating agency has also reaffirmed ‘A1’ rating to Rs 368.75 crore short term bank facilities of the company. The reaffirmation of ratings assigned to bank facilities of the company factors in successful integration of AT Solutions Group which supplements company’s established track in providing solutions in niche Information Technology (IT) segment, higher contribution of Intellectual Property (IP) led business and healthy order book position providing medium to long-term revenue visibility. Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.