Digitide Solutions Limited update on the recent announcement on H-1B visa applications

Digitide's business has a diverse mix of onshore and offshore professionals with minimal reliance on H1B visas. Importantly, the additional fee does not apply to existing employees who already hold valid H1B visas as well as visa renewals/extensions. Also, India accounts for majority (65%) of Digitide's consolidated revenues.

Based on our current assessment, we do not foresee these regulatory changes to have any material impact on Digitide's operations or financial performance. We are actively monitoring the situation and will continue to evaluate any further developments related to the H1B visa program. Digitide remains commited to serve the US based clients with a combination of local and offshore talent.

Shares of Digitide Solutions Limited was last trading in BSE at Rs. 177.40 as compared to the previous close of Rs. 182.50. The total number of shares traded during the day was 32525 in over 773 trades.

The stock hit an intraday high of Rs. 183.50 and intraday low of 176.05. The net turnover during the day was Rs. 5810969.00.

Source : Equity Bulls

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