Accentia Technologies to hedge against appreciating rupee

Accentia Technologies Ltd has announced that the Company under the guidance of International Forex Experts has put in place hedging strategies against the appreciating rupee, which paves the way for the de-risking of forex fluctuations.

The Company has put in place plans in terms of client expansion geographically, increase in volumes of business, increase in productivity, increase in per line realization with reference to line revenues of transcription and value chain expansion to billing, collections and insurance claims.

The above plan of action has been showing good results and the Company is in a position to de-risk the forex fluctuations. Also the Company has linked its expenditure on mark to market basis and planning to focus on 'on-site' works too. Hence the Company is not going to be affected by rupee appreciation.

The stock was trading at Rs.108.50, down by Rs.0.80 or 0.73%. The stock hit an intraday high of Rs.113.50 and low of Rs.108.50. The total traded quantity was 55229 compared to 2 week average of 88734.

Source : Equity Bulls

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