R Systems shares jump 6% on reports of Coforge considering stake acquisition
Shares of R Systems International rose sharply by over 6% on Wednesday to ₹466.20, following reports that a larger IT company may be considering acquiring a significant stake in the firm. The stock opened stronger and touched an intraday high of ₹468.30, gaining ₹26.70 from its previous close of ₹439.50.
The buying interest was sparked by a report from NDTV Profit suggesting that a potential deal involving R Systems is under discussion, though talks are said to be in early stages. While no official announcement has been made, the market reacted positively to speculation of strategic interest in the company.
R Systems is a global digital transformation leader providing AI-driven solutions to clients across industries, through a broad range of technology and AI/Analytics services. The company is a leading global provider of technology, artificial intelligence, RPA services and solutions, along with knowledge services.
While they do have product engineering capabilities and work with product companies, their main focus is on digital product engineering services—meaning they design and develop software and digital experiences for other companies. Their clientele spans various sectors, including high-tech, telecom, media, finance, and healthcare.
At the current market price, R Systems commands a valuation of ₹55.19 billion, with a P/E ratio of 41.03 and a dividend yield of 2.22%. The stock has seen strong momentum in recent weeks, and today's move places it among the top gainers on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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