In a declining market, the shares of Quicktouch Technologies rose more than 9 percent in the morning trade on NSE today. That too when the Sensex has already crossed the century mark. Nifty is also in red. The reason for the rise in the share is the announcement of the company, in which it has said that the Board of Directors has allotted about 32 lakh shares to the promoters and the public category. The shares of Quicktouch Tech opened at Rs 153 against the previous close of Rs 146 and soon jumped 9.2 percent to reach the level of Rs 159.50. At 12 noon, the share was trading at Rs 154, up 5.48 percent.
After market close on Tuesday, the company said, “The board allotted 31,72,200 equity shares of face value of Rs 10 each to the promoter and individuals belonging to the promoter group and public category at an issue price of Rs 144 per share. Among its promoters, BIR Foods & Restaurants Pvt Ltd and Genius Township Pvt Ltd were allotted 10,00,000 and 4,72,200 shares respectively.”
52 week high and low
After the allotment of shares, the paid-up equity capital of the company increased to Rs 9,81,59,960 comprising 98,15,996 shares of face value of Rs 10 each. The current market cap of the company is Rs 96.57 crore. The stock touched its 52-week high of ₹ 274 on October 26 last year and its 52-week low of ₹ 105 on June 6 this year.
Approval to launch Digital Warrior
The company’s board has approved the launch of a new product Digital Yodha, a channel partner application designed to enhance business growth through various channel partners. This innovative application will enable channel partners to onboard themselves to sell and promote Quicktouch’s diverse range of products across various geographical markets. Digital Yodha aims to strengthen Quicktouch’s market presence and expand its reach through strategic partnerships.
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