Bodhtree Consulting strengthens on bagging new contract from Magadh University

12 Jan 2018 Evaluate

Bodhtree Consulting is currently trading at Rs. 98.50, up by 3.00 points or 3.14% from its previous closing of Rs. 95.50 on the BSE.

The scrip opened at Rs. 95.15 and has touched a high and low of Rs. 102.80 and Rs. 93.00 respectively. So far 1,22,000 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 102.80 on 12-Jan-2018 and a 52 week low of Rs. 34.00 on 13-Feb-2017.

Last one week high and low of the scrip stood at Rs. 102.80 and Rs. 78.30 respectively. The current market cap of the company is Rs. 177.75 crore.

The promoters holding in the company stood at 51.92%, while Institutions and Non-Institutions held 0.50% and 47.58% respectively.

Bodhtree Consulting has received contract from 'Magadh University', Bihar to provide the 'Digital University Platform' in a managed services model.

Magadh University is the oldest university of Bihar with 215+ Colleges and a new student base of 5+ Lakh students every year and offering more than 100+ courses for UG, PG, BEd, etc. The Digital University Platform is going to Digitize key areas of the University catering to this high student base and streamline Admissions, Examinations, Certificate Generation and various workflows of the university. It will also provide a Digital Help Desk for the students. The project also will require implementing a Biometric Based Attendance System for the staff of the University and its constituent colleges.

The University will pay Bodhtree on a per Student basis and the total revenue for 3 years of contract is expected to cross Rs 43+ crore inclusive of taxes.

Bodhtree Consulting enables enterprises to transform their business using the power of cloud, analytics and digital solutions. In addition, the company streamlines key business processes by deploying enterprise applications, integrating applications with their IT infrastructure and maintaining them, so that business users can focus on strategic organizational priorities.


Bodhtree Consulting Share Price

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