Scandent in focus on Dhaka exchange order

DALAL STREET SPIKES

The recently listed Scandent Solutions was in the limelight on Wednesday, witnessing smart gains in intra-day deals after the company announced the winning of a multi-million dollar deal from the Dhaka Stock Exchange to upgrade the bourse's electronic trading system.

The stock, in intra-day deals, was up 12.02 per cent to Rs 205 on renewed buying. The stock, however, slipped from higher levels to end at Rs 183.65, marginally higher than its previous close. More than 3.39 lakh shares changed hands at the counter on the BSE.

Scandent Solutions was formed by the merger of the IT services business of SSI and the IT business of the Scandent Group. The new entity Scandent Solutions was listed on March 9, 2005.

The stock had debuted at Rs 206.65, but has slipped from higher levels on overall selling pressure on account of March ending and future and option expiry on March 31, 2005.