/ Lycos Internet Rallies Over 6% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 9 March 2017

India-based service company, Lycos Internet, in Thursday’s morning trade is rallying on the bourses. The stocks opened at Rs 9.9 per share and hit a high of Rs 10.4 per share on an intraday basis, witnessing a spike by over 6% during the opening session.

The stock has witnessed a huge spurt in volumes by more than 2.2 times. In Wednesday’s trade it had been locked at upper circuit of Rs 9.4. The stock is among of the top gainer in the BSE Small-c ap index along with Ballarpur Industries which is up by over 11% and Shalimar Paints, which is up by over 7%.

The stock is contributing almost 15% to the BSE Small-cap index gains. The Company is engaged in providing digital marketing services and is into the development of computer software and services.

Lycos Internet Ltd is currently trading at Rs 9.51, up by Rs 0.03 or 0.32% from its previous closing of Rs 9.48 on the BSE. The scrip opened at Rs 9.8 and has touched a high and low of Rs 10.7 and Rs 9.5 respectively. So far 5699686(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 451.49 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 25.3 on 08-Mar-2016 and a 52 week low of Rs 7 on 22-Feb-2017. Last one week high and low of the scrip stood at Rs 9.48 and Rs 7.25 respectively.

The promoters holding in the company stood at 39.11 % while Institutions and Non-Institutions held 20.42 % and 40.47 % respectively. The stock is currently trading above its 200 DMA.

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