8KMiles trades jubilantly on the BSE

   

      8KMiles is an online ecosystem of verified professionals and companies that enables outsourcing of software and other knowledge services completely over the internet. Using the 8KMiles portal, companies (buyers) can “smartsource” any type of knowledge work cost effectively and securely to certified individuals or groups (providers).
     In a bid to increase revenue contribution from home market, 8KMiles Software Services is in talks with leading domestic low-cost carriers to offer cloud solutions, especially on the ticketing front, to cut cost and also offer bulk bookings.
     The company has been offering cloud solutions to the largest Asian low-cost carrier AirAsia for the past few years and now it wants to extend its success with this airline to other airlines in the country, especially the low-cost ones.
     8KMiles draws over 75 per cent of its revenue from the US and only 10-15 per cent from the home market, and it wants to increase the revenue contribution to around 25 per cent through deals with airlines.
     The promoters holding in the company stood at 66.28% while Non-Institutions held 33.72% stake in the company.
     The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 230.00 on 11-Aug-2014 and a 52 week low of Rs. 62.25 on 30-Sep-2013.
     The scrip opened at Rs. 210.10 and has touched a high and low of Rs. 235.90 and Rs. 209.90 respectively. So far 67540 shares were traded on the counter.
     8K Miles Software Services is currently trading at Rs. 216.40, up by 17.60 points or 8.85% from its previous closing of Rs. 198.80 on the BSE.