Dynamiclevels offers free equity research reports, share market charts, technical analysis that help in taking informed decisions on investment. Register Now![/caption]Geometric share price moved 5 per cent higher on the NSE and hit a fresh 52 week high of Rs 254 in intra-day trade after the firm said that the Bombay High Court had sanctioned the scheme of arrangement and amalgamation amongst Geometric, HCL Technologies, 3DPLM Software Solutions and their respective shareholders and creditors.
The board of Geometric on 1st April, 2016 had approved the demerger of the IT enabled engineering services, PLM services and engineering design productivity software tools of the firm including its direct and indirect overseas ancillaries.
Geometric shareholders shall receive 10 shares in HCL Technologies for every 43 shares of Geometric as part of the stock-swap. The company said that the consolidation shall widen the markets and expertise and the combined entity shall be able to offer its customers a unique mixture of services and solutions around PLM, engineering software, mechanical engineering, embedded software and geometry related technologies.
Geometric share price closed trading at Rs 250.80, up 4.67 per cent on the National Stock Exchange (NSE). Out of the Top 500 Shares, Geometric is one of Multibagger Stock, recognized by the Dynamic Levels Researchers and Stock analysts. According to Dynamic Levels Researchers, the stock can be a good investment opportunity and can give you good returns. Geometric is a well analyzed stock, based on technical and fundamental research. It is traded in good volumes.
Fundamentals of the stock:
Average Daily Movement [ADM]
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6.66
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Average Volume [20 days]
|
90822
|
1 Month Return (%)
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4.23
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Consolidated FY 15-16 PE Ratio
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15.07
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Consolidated Trailing PE Ratio
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12.13
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Standalone FY 15-16 PE Ratio
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16.26
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Standalone Trailing PE Ratio
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16.26
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Book Value
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71.70
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Market Cap (as on 14th Dec’ 16)
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1588.14 (Cr)
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In order to acquire further details on the support and resistance refer to Geometric share price history. Here, you will also come across other fundamentals and financials of the stock.
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