New Delhi, April 28: Shareholders of Aptech Ltd have been greeting one goodnews after another. And despite the recent software hammering on thebourses, the stock has gained 14 per cent on BSE since the announcement ofthe 1:1 bonus. From a level of Rs 1596 on April 10 (the day the companyannounced the bonus), the stock shot up to Rs 1820 on April 28. BesidesAptech's Nasdaq listing plans, the hectic activity at the BSE counter is dueto the fact that the shares are going ex-bonus on May 2.On NSE, the stock went ex-bonus on April 26. The ex-bonus price of the stockon BSE should be around Rs 910. The company also came out with an impressiveshow for the first quarter of the current fiscal. The company has shown 62.6per cent growth in its global revenue and 178 per cent growth in globalsoftware revenue, thanks to a rapid growth in Aptech's software andconsulting division which now accounts for 39 per cent of the total globalrevenue.
This division offers leading edge solutions in the areas of e-business,business intelligence, ERP and extended ERP including supply chainmanagement (SCM) and customer relationship management, groupware andknowledge management. Aptech's training and education division has a globalnetwork of training centres. These centres offer highly specialised andfocussed training in software technologies.
Aptech is planning to raise $ 100 millions through the ADR route. The fundsraised through ADR will go towards the company's expansion plans in variousareas of Internet and e-commerce.
Aptech is planning acquisitions i US and is focusing on the Internetbusiness. This will put the company into a new orbit of growth. The companyis also floating a dotcom subsidiary, christened Bbonnectb.com, to enterapplication service provider (ASP) business and offers implementation andsupport services for business-to-business (B2B) initiatives on a globalscale.
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