Xchanging Share Prices touches New 52 Week High

Xchanging share price rose sharply by 8.62% this morning. The stock opened at Rs. 101.00 as compared to its previous closing at Rs. 95.75. The stock touched the days high and low at Rs. 106.00 and Rs.97.70. As of now 10,75,666 shares are traded in the counter with a traded value of Rs. 1,116.54 lacs, as per NSE. The stock saw a spurt in volume on four consecutive days on 22^nd, 23^rd, 24^th, and 25th by more than 2.23 times, 2.28 times, 3.86 times and 2.99 times respectively.

According to the company, income from operations (standalone) is seen at Rs. 19.74crore for the June 2016 quarter, against Rs. 29.49 as seen during the corresponding quarter of the last financial year. The company disclosed that the other income went further down to Rs 1.79 crores in June ’16 quarter from Rs. 2.96 as seen in the same quarter of the last  financial year. The company incurred a loss amounting to Rs. 2.61 in this quarter while during the corresponding quarter of the last fiscal, the company made a profit of Rs. 4.80.

The company traded on its 52 week high value at Rs. 106.10 on 25^th August ’16 while the 52 week low is seen at Rs. 22.79 on4th Sept ‘15. The Average Daily Movement of the stock is 5.31 and its average volume for last 20 days is 65948. The stock yields 0.78% monthly returns and has the PE ratio of 146.04. The market cap of the company amounts to Rs. 1066.69 (Cr) and has a book value of Rs. 29.89.In order to acquire further details on the support and resistance refer to Xchanging share price forecast.