8K Miles Software shares closed 1.81 per cent up at Rs 1813.25 after the cloud solutions provider on Thursday reported a 111 per cent rise in net profit to Rs 8.74 crore for the September quarter, with its revenue jumping 126 per cent to Rs 61.09 crore.
The benchmark BSE Sensex on Friday bounced back by 233.70 pts to a seven-week high of 27,079.51 on rally in tech and commodity stocks as details from the last US Fed meeting indicated that it is in no rush to raise interest rates.
NSE Nifty closed 60.35 points up at 8,189.70.
Below are the stocks that made news today:
Genesys International Corporation: The shares continued to hit an upper circuit for the second day on bourses on Friday after the company informed BSE on October 7 (post market hours) that Quikr – India’s dominant online cross category classifieds company is making an investment in Genesys’ venture AN Virtual World Tech. The share price of the company jumped 20 per cent to Rs 83.15 in the early trade and hit an upper circuit on Friday.
8K Miles Software: Share price of the company closed 1.81 per cent up at Rs 1813.25 after the cloud solutions provider on Thursday reported a 111 per cent rise in net profit to Rs 8.74 crore for the September quarter, with its revenue jumping 126 per cent to Rs 61.09 crore.
Infosys: Infosys closed 3.13 per cent up at Rs 1167.85 ahead of its second quarter earnings. The company is expected to announce its second quarter results on October 12.
Future Consumer Enterprise and Future Retail: Shares of Future Group companies rallied on reports that Yoga guru Ramdev’s Patanjali Group tied up with Kishore Biyani-led retail major Future Group. Shares of Future Consumer Enterprise and Future Retail closed 8.59 per cent up and 0.47 per cent up at Rs 17.70 and Rs 139.25, respectively.
Vedanta shares closed 11.58 per cent at Rs 103.60 after the company informed BSE that it is in line with the production release made by Vedanta Resources Plc