8K Miles brings all smiles

8K Miles had hit a new 52-week high yesterday at Rs.923 though it later came off these levels sharply. And today, from the closing of Rs.744, it opened at Rs.772, going on to hit an intra day high at Rs.815. It remains firmly in the green, up almost 7%.

The stock is reacting positively to the Q3FY15 numbers it declared yesterday. The company posted a consolidated net profit of Rs.5 crore, up 30% (QoQ) on a 27% jump in total income at Rs.34 crore.  

8K Miles is a global secure cloud solutions and managed services company, providing digital technology solutions. Its 9MFY15 net profit at Rs.13 crore has already surpassed the FY14 entire net profit of Rs.6 crore. With one more quarter to go, the company is all set to end the current fiscal on a high note.