Accel is currently trading at its upper circuit limit of Rs. 32.05, up by 1.50 points or 4.91% from its previous closing of Rs. 30.55 on the BSE.
The scrip opened at Rs. 32.05 and has touched a high and low of Rs. 32.05 and Rs. 30.00 respectively. So far 437556 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 39.80 on 12-Jan-2022 and a 52 week low of Rs. 8.90 on 22-Jan-2021.
Last one week high and low of the scrip stood at Rs. 34.20 and Rs. 27.05 respectively. The current market cap of the company is Rs. 183.70 crore.
The promoters holding in the company stood at 72.35%, while Institutions and Non-Institutions held 0.25% and 27.40% respectively.
Accel is acquiring a substantial minority stake in BizCarta Technologies India, a leading cyber security consulting and Services Company based in Bangalore, India with operations and customers in USA, Singapore, Australia.
The board meeting held on January 20, 2022 approved the transaction and authorized the managing director to sign necessary agreements and conclude the deal within 30 days. This initiative is in line with the company's objective of expanding its IT security services portfolio. The company will be setting up a Security Operations Centre in Chennai to offer managed security services.
The move to acquire BizCarta was initiated in April 2020 but delayed due to Covid related uncertainties. Now the deal has been-finalized in such a way that Accel ITS will have full-fledged managed security practice starting from April 2022 in addition to the current service portfolio of IT Infrastructure management and System Integration Services.
Accel currently operates through three business divisions namely, Systems and Services, Ushus Technologies and Accel Animation Studios. The product range of the division is a combination of custom-built hardware and application software.
| Company Name | CMP |
|---|---|
| Netweb Technologies | 2757.20 |
| DC Infotech and Comm | 317.75 |
| Control Print | 711.40 |
| Ducon Infra. | 7.79 |
| NELCO | 1325.35 |
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