The acquisition of the Netherlands-based Avensus will help Omnitech strengthen its foothold in the European market for IT infrastructure management and security solutions.
Shri Lakshmi Cotsyn's ongoing capacity expansion across denim, bed linen, cotton interlinings, terry towels and technical textiles will be a major growth driver.
Patni Computer Systems’ stock has gained momentum in the past few days after news of a takeover.
However, high valuations may limit further upside in the stock.
The stock of Firstsource Solutions has lost one-fifth of its value on bourses within a month of declaring its September 2010 quarter performance.
What stokes concern is the lack of growth in operating and net profits. Growth in profits has remained below 20% despite robust jump in the top line.
Big IT exporters have reported double-digit growth in profits in the last two quarters, but the rest of the lot has not been able to see any significant improvement.
The news of acquisition of a US-based IT provider has aroused fresh investor interest in Mastek's scrip after about a year's lull.
The stock of Mphasis shot up by 8% on Tuesday in a falling market after it reported better-than-expected growth in net profit during the October 2010 quarter.
The stock of Reliance Communications (RCom) has declined by 16% in the past month.
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