Share price of an IT solutions provider moved up by nearly 3.61 percent to Rs. 164.95 in the morning trading session of Thursday from its previous close of Rs. 159.20, after the announcement of a strategic alliance.
With a market cap of Rs. 359.67 crore, shares of ROX Hi-Tech Ltd. opened at Rs. 161.95 on February 1st. The company has delivered a positive return of more than 16.4 percent in the last one year. So far in 2024, it has given around 2.71 percent returns.
According to the recent filings on NSE, ROX Hi-Tech formed an alliance with Blueprism to provide AI-powered Intelligent Automation solutions for SAP deployments and operations.
This partnership will form a unique co-innovation market relationship, integrating ROX’s SAP experience and AI talent pool with the AI and automation technologies of Blueprism.
In addition, the Blueprism and ROX Hi-Tech collaboration indicates a strong alliance to accelerate the time to value for SAP Landscape and Business Process Automation.
In terms of financials, the revenue from operations of the company was Rs. 77 crore, accompanied by a net profit of Rs. 10 crore, as of the September 2023 quarter.
As of December 2023, FIIs and the Public hold 5.82 percent and 35.24 percent of the shares in the company respectively, whereas, the Promoters hold 58.94 percent of the shares.
A Chennai-based IT solutions provider, ROX Hi-Tech Limited was listed on the NSE in November last year with an IPO of Rs. 54.49 crore.
With over 22 years of experience, the company is a customer-centric IT solutions provider and as a premium system integrator, it offers IT solutions, encompassing consulting, enterprise computing, end-user services, managed print, and network solutions.
Written by Shivani Singh
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