Mumbai: Shares of Quicktouch Technologies saw a notable rise in trading on Monday after the company announced a series of strategic acquisitions aimed at bolstering its market position and expanding its service offerings.
The tech firm revealed plans to acquire two emerging companies in the software solutions and cloud services sectors, aligning with its vision to enhance its portfolio and capture new market opportunities. The acquisitions are expected to strengthen Quicktouch Tech's capabilities in providing end-to-end digital transformation solutions to its growing client base.
The stock gained over 5% intraday on the back of this announcement, reflecting investor confidence in the company's growth trajectory. Analysts highlighted the strategic importance of these acquisitions, noting that they are likely to complement Quicktouch Tech's existing operations and provide access to advanced technologies and a broader customer network.
Quicktouch Tech's management expressed optimism about the acquisitions, stating, "These strategic moves will enable us to deliver greater value to our clients while accelerating our growth in high-demand segments of the tech industry."
The company also indicated that it expects the acquisitions to contribute positively to its financial performance starting from the next fiscal year.
Investors are closely watching further developments, including the financial terms of the deals and the integration plans for the newly acquired entities.
With the technology sector continuing to drive market sentiment, Quicktouch Tech’s proactive approach to growth through acquisitions is being seen as a strong signal of its ambition to remain a key player in the industry.