After growing consistently for 3 days, Rolta Share Price was seen going down since this morning. The share price dropped as low as Rs 69.10, which is its intraday low so far at 1.04 PM.
Rolta announced its results for the quarter ended 30th September 2016 on 9th December 2016. The company posted a PAT of Rs 127.31 crores for the quarter under review against Rs 74.15 crores for the quarter ended 30th June 2016, marking a jump of almost Rs 53 crores. The EPS of the company was seen to be growing almost two-fold from 4.60 for the June 2016 quarter to 7.80 for the September 2016 quarter.
On the back of this announcement, Rolta Share Price surged continuously for 3 days (Friday to Tuesday). However, in today’s trading session, we got to see a different scenario. The share price was seen to dip more than 4 per cent. At the moment Rolta Share Price is trading at Rs 69.55 apiece on NSE, down by 4.14 per cent or 3 points. According to the research team of Dynamic Levels this drop in price is a result of profit booking. However, the share is not expected to drop below the level of Rs 66. The PDL (previous day low) of the share was recorded as Rs 67.05.
Rolta is one of the top 500 Shares identified by Dynamic research team at the end of every quarter out of 1700 Shares of NSE. Rolta has strong fundamentals. By strong Fundamentals we mean the Company has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent. Dynamic Levels considers these top 500 Stocks to be safe for investment. Get the important support and resistance levels of Rolta at Rolta Share Price Forecast.
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