{"id":142627,"date":"2025-01-14T14:30:44","date_gmt":"2025-01-14T09:00:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=142627"},"modified":"2025-01-14T14:21:25","modified_gmt":"2025-01-14T08:51:25","slug":"it-stock-in-focus-after-the-company-acquired-70-stake-in-cyber-security-firm","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-the-company-acquired-70-stake-in-cyber-security-firm\/","title":{"rendered":"IT Stock in Focus After the Company Acquired 70% Stake in a Cyber Security Firm"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1885349991\"><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>IT stock which is one of the leading value-added national distribution partners for global technology brands in India, in focus following the acquisition of a firm to widen the scope\/base of its Cyber Security product portfolio.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1309217706\"><!-- 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&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 2,358 Crores, the shares of Rashi Peripherals Limited were trading at Rs. 358.60 per equity share, up 1.69 per cent from its previous day\u2019s close price of Rs. 352.65.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The Board of Directors of Rashi Peripherals Limited has considered and approved the acquisition of 70 percent equity of Satcom Info Tech Private Limited by making an investment of upto Rs. 14 Crores, following which it&#8217;ll become a wholly owned subsidiary of the company.&nbsp;<\/p><p>Satcom Info Tech Private Limited is involved in the Distribution of Information and Communication Technology (Cyber Security Products). The main intent of the acquisition is to widen the scope\/base of the product portfolio.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2638559667\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Rashi Peripherals Limited is one of the leading value-added national distribution partners for global technology brands in India for information and communications technology (ICT) products and has one of the largest ICT product distribution networks in India. Some of the products of well-known brands that it distributes are Nvidia, Intel, Asus, Qualcomm, Dell, Logitech, HP, Samsung, Lenovo, LG, Belkin, and many more.&nbsp;<\/p><p>It has a Pan-India &amp; Multi-Channel Distribution Footprint in 28 states &amp; Union Territories, across 724 locations with 52 branches, 67 warehouses, 17,625 SKUs, 585 sales teams, and more than 10,665 customers.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its revenue from operations grew by 22.76 percent from Rs. 3,023.55 Crores in Q2FY24 to Rs. 3,711.65 Crores in Q2FY25, accompanied by profits of Rs. 26.16 Crores to Rs. 69.74 Crores.<\/p><p>In terms of return ratios, it has reported a return on equity (ROE) of 11.44 percent and a return on capital employed (ROCE) of 13.25 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.49.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-3438609028\"><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>IT stock which is one of the leading value-added national distribution partners for global technology brands in India, in focus following the acquisition of a firm to widen the scope\/base of its Cyber Security product portfolio.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 2,358 Crores, the shares of Rashi Peripherals Limited were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14707,"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":[948,936,3157,2597],"class_list":["post-142627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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