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Aptech insider trading case: Rakesh jhunjhunwala files consent appeal with SEBI
SEBI had issued show-cause notices to Jhunjhunwala and Aptech s board members, querying why action should not be taken against them for security law infringements
BusinessToday.In | February 6, 2021 | Updated 12:35 IST
Jhunjhunwala and his family own a 49% stake in Aptech Ltd
Ace investor Rakesh Jhunjhunwala has filed a consent appeal with the SEBI (Securities and Exchange Board of India) to settle an alleged insider trading case concerning the shares of education company Aptech Ltd. The case dates back to 2016.
Besides, the billionaire investor, Aptech board members Madhu Jayakumar, Utpal Sheth, and Ramesh S Damani have also filed consent applications with the markets regulator, the Economic Times reported.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index decreasing 249.25 points or 0.97% at 25407.09 at 13:48 IST. Among the components of the S&P BSE IT Sector index, Brightcom Group Ltd (down 3.99%), Nucleus Software Exports Ltd (down 3.77%),3i Infotech Ltd (down 3.72%),Larsen & Toubro Infotech Ltd (down 3.16%),Datamatics Global Services Ltd (down 3.05%), were the top losers. Among the other losers were Accelya Solutions India Ltd (down 2.75%), eClerx Services Ltd (down 2.13%), KPIT Technologies Ltd (down 1.98%), Aptech Ltd (down 1.78%), and TVS Electronics Ltd (down 1.73%). On the other hand, Intellect Design Arena Ltd (up 7.79%), NELCO Ltd (up 7.26%), and Indiamart Intermesh Ltd (up 5.42%) turned up.
Aptech Ltd Q3FY21 consolidated net profit higher at Rs. 7.23 crore
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APTECH LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.37.50 crores during the period ended December 31, 2020 as compared to Rs.35.82 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.7.23 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.1.84 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.1.76 for the period ended December 31, 2020 as compared to Rs.0.45 for the period ended September 30, 2020.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index decreasing 443.66 points or 1.74% at 25007.43 at 13:48 IST. Among the components of the S&P BSE IT Sector index, Nucleus Software Exports Ltd (down 5%), Larsen & Toubro Infotech Ltd (down 4.47%),Cigniti Technologies Ltd (down 4.43%),3i Infotech Ltd (down 2.43%),Mindtree Ltd (down 2.31%), were the top losers. Among the other losers were Cyient Ltd (down 2.21%), Tata Consultancy Services Ltd (down 2.19%), Mphasis Ltd (down 2.03%), Infosys Ltd (down 1.92%), and Wipro Ltd (down 1.74%). On the other hand, Aptech Ltd (up 5.99%), KPIT Technologies Ltd (up 5.72%), and Majesco Ltd (up 4.96%) turned up.
At 13:48 IST, the S&P BSE Sensex was down 211.97 or 0.45% at 46662.39.