Rolta up on pre-result expectations

DALAL STREET SPIKES

After touching its 52 week high level of Rs 339.3, Rolta India closed at Rs 337.10, a jump of about 7 per cent over its previous trading session and a three-fold increase in volumes with over a million shares.

With the expectation of a strong Q3 result, which will be announced at Tuesday's board meeting, the stock has been steadily inching upward and has gained about 36 per cent in the past one month.

In the recent past, Rolta had announced joint ventures with French defence firm Thales SA and Stone and Webster of the US. The company may report 35 per cent growth in three years as the geospatial services market is expected to cross the $1-billion mark.