8K Miles Share Price Gives A Robust Growth Of 10%

8K Miles Software Services has moved higher by almost 10 per cent to Rs 2,200.00 on the National Stock Exchange ahead of its board meeting on Wednesday, 24^th August 2016, to consider the stock split and bonus shares.

On 5^th August 2016, the internet software and services provider announced that a meeting of the board of directors of the company will be held on 24^th August, 2016, to consider sub-division/split of equity shares and issue of bonus equity shares to the shareholders.

Since then, the stock outperformed the market by gaining 15 per cent, as compared to 0.9 per cent rise in the S&P BSE Sensex.

8K Miles share price closed at Rs 2,166.15 apiece on NSE, up by 9.09 per cent. The intraday high and the intraday low of the share were Rs 2,200.00 and Rs 2,008.00 respectively. The share price opened at Rs 2,008.00 from a previous closing of Rs 1,988.95. A total of 2,53,190 shares have been traded on the counter of NSE in today’s trading session. The total traded value for the day was Rs 5,413.23 lacs.

The 52 week high and the 52 week low of the share were Rs 2,550.00 made on 14th January 2016 and Rs 852.65 made on 25th August 2015 respectively. The share is trading at a P/E ratio of 44.03. As of today, the market cap of the Company is Rs 2276.17 crores. The Promoter holding pledged of the Company is 0. The one month return percentage is 4.72. 8K Miles is one of the Multibagger stocks recommended by Dynamic levels. Get the important support and resistance levels of the share at 8K Miles share price forecast.