IntraSoft Tech closes with 9% premium at NSE

IntraSoft-TechnologiesShares of IntraSoft Technologies have gone up to almost 9%. The company continues its bull run on NSE after positive news-flow. The company operates the popular portal 123greetings. com. It was opened at an issue price of Rs 145 per share and closed at Rs 158.40. The shares registered an increase of 9.24%.

The intraday price of the shares has touched Rs 167.40. The volume of shares were of 2.2 crore and has seen a turnover of Rs 345 crore.

Managing Director of IntraSoft Mr. Arvind Kajaria has informed that the net sales of the company has been Rs. 31 crore for the fiscal year 2010 with an impressive profit after tax (PAT) of Rs 9 crore.

Moreover the earnings per share (EPS) have been reported to be Rs 6.11. He has also revealed that for the fiscal 2011 the sales is expected to be seen at Rs 52 crore with a PAT at Rs 14 crore on fully diluted capital. He has said that the company had entered to some of new geographies in India and the Middle East for the first time.