{"id":140564,"date":"2024-12-12T13:34:03","date_gmt":"2024-12-12T08:04:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140564"},"modified":"2024-12-12T14:34:49","modified_gmt":"2024-12-12T09:04:49","slug":"it-stock-jumps-11-after-companys-board-to-consider-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-11-after-companys-board-to-consider-stock-split\/","title":{"rendered":"IT stock jumps 11% after company&#8217;s board to consider stock split"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2331014238\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>In Thursday\u2019s trading session, the shares of one of the leading IT solutions specialising in providing innovative and cutting-edge technology solutions almost jumped upto 9 percent upon&nbsp; announcement of approving stock split&nbsp; of the existing equity shares of Rs. 10.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3533591596\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of 1,149.2 Crores on Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/KSOLVES\" target=\"_blank\" rel=\"noreferrer noopener\">Ksolves India Ltd<\/a><\/strong> jumped upto 11 percent making a high of Rs 1071.35 compared to its previous closing price of Rs 967.65.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What happened<\/strong><\/h2><p>Ksolves India Ltd jumped upto 11 percent after the board of directors of the company are scheduled to meet on Friday, December 20, 2024 to consider and approve the split of the company\u2019s existing equity shares, each with a face value of Rs. 10 which is fully paid-up.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company<\/strong><\/h2><p>Ksolves India Ltd is a leading technology solutions provider, specializing in software development, IT consulting and enterprise-level services, catering to clients across various industries such as banking, healthcare, e-commerce and manufacturing, with a strong focus on leveraging cutting-edge technologies like Artificial Intelligence, Machine Learning and cloud computing to drive digital transformation and business efficiency.<\/p><div class=\"trade-content_5\" id=\"trade-654998560\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company offers a wide range of services including custom software development, data analytics, enterprise resource planning (ERP) solutions and AI-driven applications, which empower businesses to innovate and stay competitive in a rapidly evolving technological landscape, with its strong market presence, continuous innovation and customer-centric approach.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Revenue Break-up&nbsp; (H1FY25)<\/strong><\/h2><p>Coming to the revenue distribution across its various service offerings, from Odoo services it generated 21.2%, followed closely by Salesforce at 21.1%. Big Data 20.7%, Open Source Technologies accounted for 19.6%, AI\/ML services 11.9%.followed by Mobile Apps 3.8%, and QA &amp; Automation 1.7%.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 33 percent from Rs 26.08 crore to Rs 34.93 crore in Q2FY24-25. Meanwhile, Net profit grew by 11 percent from Rs 8.23 crores to Rs 9.19 crore during the same period.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Key Financial ratios<\/strong><\/h2><p>Ksolves India Ltd has an impressive&nbsp; Return on Equity (RoE) of 112&nbsp; percent and a Return on Capital Employed (RoCE) of 147 percent. Furthermore, the company&#8217;s debt-to-equity ratio is 0.03.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on&nbsp;<a href=\"https:\/\/tradebrains.in\/\">tradebrains.in<\/a>&nbsp;are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-658850281\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>In Thursday\u2019s trading session, the shares of one of the leading IT solutions specialising in providing innovative and cutting-edge technology solutions almost jumped upto 9 percent upon&nbsp; announcement of approving stock split&nbsp; of the existing equity shares of Rs. 10. Price action With a market capitalization of 1,149.2 Crores on Thursday, the shares of Ksolves [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13256,25367,25368,948,936],"class_list":["post-140564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ksolves-india-latest-news","tag-ksolves-india-ltd","tag-ksolves-india-ltd-stock-split-news","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps 11% after company&#039;s board to consider stock split - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In Thursday\u2019s trading session, the shares of one of the leading IT solutions specialising in providing innovative and cutting-edge technology solutions almost jumped upto 9 percent upon\u00a0 announcement of approving stock split\u00a0 of the existing equity shares of Rs. 10.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-11-after-companys-board-to-consider-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock jumps 11% after company&#039;s board to consider stock split\" \/>\n<meta property=\"og:description\" content=\"In Thursday\u2019s trading session, the shares of one of the leading IT solutions specialising in providing innovative and cutting-edge technology solutions almost jumped upto 9 percent upon\u00a0 announcement of approving stock split\u00a0 of the existing equity shares of Rs. 10.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-11-after-companys-board-to-consider-stock-split\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T08:04:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T09:04:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/it-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-11-after-companys-board-to-consider-stock-split\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-11-after-companys-board-to-consider-stock-split\/\",\"name\":\"IT stock jumps 11% after company's board to consider stock split - 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