Some institutional players are said to be accumulating shares of software solution provider Geodesic Information Systems. According to analysts, the company’s strong presence in the low-cost solutions is an effective antidote to the cost cutting efforts by the industry due to signs of economic slowdown.
For example, it has products like mundu messaging system, VOIP solution and internet radio accessible through mobile. Besides, the company also has high-profile clients like Apple, Motorola and Idea. Further, it is looking for an acquisition in the US and European markets and has recently raised funds for this purpose.
Analysts expect the company to post a topline of about Rs 120 crore and a bottomline of Rs 58-60 crore for the quarter ended June 2008. The stock closed at Rs 171, up 2% on Friday, defying the overall the downtrend in the market.
(Contributed by Apurv Gupta & Ashish Rukhaiyar
Source : The Economic times dt. 26 7 2008
Souring EMIs
15 years ago
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