Partnership in USA boosts COSYN's fortune
DSIJ Intelligence / 07 Dec 2016
The company has announced that in continuation of the company’s plan to offer cloud based services to the Oil & Gas industry vertical, a new subsidiary in the name of WELL TO DESK has been incorporated.The new subsidiary is incorporated in the form of a partnership with industry experts from USA and COSYN Ltd., will be holding major stakes in the partnership.
COSYN, a Hyderabad registered company has turned out to be a multibagger story with the stock building on gains with every passing trading session.
The stock is up by almost 11 per cent on Wednesday trading at Rs 209 per share on an intraday basis. The stock made a new 52 week high at Rs 215 per share.
The company has announced that in continuation of the company’s plan to offer cloud based services to the Oil & Gas industry vertical, a new subsidiary in the name of WELL TO DESK has been incorporated.The new subsidiary is incorporated in the form of a partnership with industry experts from USA and COSYN Ltd., will be holding major stakes in the partnership.
Over one year the stock is up by almost 507 per cent and over six months the stock is up by almost 362 per cent. In one week alone the stock is up by almost 50 per cent.
Broader markets, taking cues from European markets are trading in green, as also hoping for rate reduction announcement from RBI on Wednesday late afternoon.