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Wednesday, Sep 25, 2002

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Aptech Training volatile on first day

Our Bureau

MUMBAI, Sept. 24

APTECH Training Ltd, the IT training company that was demerged from erstwhile Aptech Ltd, got listed on the Bombay Stock Exchange (BSE) today.

On the first day of trading, the company's stock closed at Rs 31.45 on the exchange after touching an intra-day high of Rs 45 and low of Rs 31. The stock attracted volumes of 3.79 lakh shares on the BSE.

Aptech Training witnessed volatility of over 31 per cent in a single trading session in the absence of any circuit filter limits, which are generally not put into place on the first day of trading.

It may be recalled that in June 2001, Aptech Ltd had decided to create two separate listed companies for its software and training businesses. The education business, which retaining the Aptech brand, is now called Aptech Training Ltd. The software business of the erstwhile Aptech Ltd is being done under Hexaware Technologies Ltd and was listed in June 2002.

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