R Systems International Ltd experienced a significant surge in its stock price, rising by 10.46% to reach a high of Rs 518.95 during Friday’s trading session. It was last recorded trading at Rs 505.90, reflecting a 7.68% increase. The total turnover for the stock reached Rs 471.63 crore, and it boasts a market capitalization of Rs 5,973.73 crore.
The rise in R Systems’ stock followed a notable block deal where 99,99,995 shares, valued at Rs 465.15 crore, were traded. The identities of the buyers and sellers involved in this transaction remain undisclosed.
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R Systems recently unveiled its Resilience Engineering model, which integrates Chaos Engineering with Disaster Recovery as a Service (DRaaS). This innovative approach combines proactive fault detection with reliable recovery mechanisms, providing businesses with enhanced IT resilience and disaster recovery capabilities.
On the technical front, the stock was trading above all its key simple moving averages (SMAs) for various time frames. Additionally, the 14-day relative strength index (RSI) stood at 55.43, indicating that the stock is neither oversold nor overbought.
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As of June 2024, R Systems reported a price-to-earnings (P/E) ratio of 38.58 and a price-to-book (P/B) ratio of 11.14. With an earnings per share (EPS) of 12.18 and a return on equity (RoE) of 28.87%, the company, which specializes in digital product engineering, holds a 51.93% stake held by promoters.
