IQMS Software Ltd has announced that the company has bagged a contract for the outsourcing of 35-seater centre for Equity Research on 24*7 basis. The contract value is directly linked to the output of the research work churned by the Company.

To meet the requirement, the Company has already started the recruitment process for Equity Research Analysts to be stationed at its state of the art center located at Hyderabad.

IQMS Software Limited (IQMS) is a public limited, STPI registered company incorporated in year 2000 with offices at Hyderabad, India and Kuala Lumpur, Malaysia. The company provides intelligent and cost effective business enterprise solutions using leading edge technologies. IQMS provides real-time, software solutions that empower and enrich decision-makers.

The equity research outsourcing (ERO) set up by the Company is going to cater to the requirements of FII's / FI's / Institutions and Mutual Funds.

The ERO is getting equipped to do the trend tracking of World Markets, Indian Markets, Sectoral Analysis, Fundamental and Technical Analysis in all the active sectors of the markets.

At 11:55 am, the stock was quoting at Rs. 5.32 on BSE, down 5% from its previous close of Rs. 5.59.