ABM Knowledgeware profits go up by 5% on order

ABM Knowledgeware gained 5% as the company received e Governance contracts worth Rs 38 crore.

In a release sent to BSE, company said, “ABM is awarded e Governance contracts in different domain like SAP, utility billing and software for accounting reforms recently. The contracts include entry into defense sector for implementation of accrual based double entry accounting software Directorate General Defense Estates, Ministry of Defense.”

At 14:18 hours IST, the share was trading at Rs 78.70, up 4.79%. Even its trading volumes increased 159% to 4,097 equity shares as compared to its 5-day average of 1,584 shares.

Market capitalisation of the company currently stands at Rs 78.71 crore.