Money on the markets
A maturing market amid the mayhem
Good day for IT stocks, Aptech shines
Technology stocks traded firm on Tuesday in an otherwise weak market, with the BSE IT index rising nearly 2 percent as the rupee weakened.
Thirteen of the 15-stock BSE IT index closed in the green, with Aptech leading the pack with a 16.5 percent jump.
Investors in Aptech have been lucky as the stock has generated huge returns in the past. Since April, it has jumped a whopping 206 percent.
In June, the company offloaded its 50 percent stake in its China joint venture. The company’s Q1 net jumped on this one-time gain.
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