SoftTech Engineers surges on inking MoU with CDC international

SoftTech Engineers is currently trading at Rs. 151.60, up by 4.55 points or 3.09% from its previous closing of Rs. 147.05 on the BSE.

The scrip opened at Rs. 144.20 and has touched a high and low of Rs. 152.75 and Rs. 144.20 respectively. So far 351 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 189.60 on 23-Jan-2023 and a 52 week low of Rs. 103.45 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 168.95 and Rs. 147.00 respectively. The current market cap of the company is Rs. 149.34 crore.

The promoters holding in the company stood at 40.45%, while Institutions and Non-Institutions held 0.09% and 59.46% respectively.

SoftTech Engineers has inked Memorandum of understanding (MoU) with CDC international (CDCi) on July 21, 2023 at their Malaysia head quarter to extend SoftTech’s comprehensive suite of software product platform CIVIT for Digitalization of Government and Corporate construction and Infrastructure industry.

The CIVIT Platform’s comprehensive suite of offerings will empower Malaysian AEC clients to optimize efficiency, boost profitability and make well-informed decisions that drive sustainable growth. With a steadfast conviction in the effective complementarity of their services and solutions, SoftTech and CDCi are keen to unlock the vast array of possibilities that this partnership holds for their businesses.

SoftTech Engineers is a software company which caters to the Architecture, Engineering, and Construction (AEC) verticals.