R Systems shares rise 8% in trade; here’s what’s driving the stock

R Systems International shares 7.6 per cent in Thursday’s trade on BSE, logging an intraday high at Rs 374.6 per share. The northward movement in the stock came after the launched IoT Smart C2C connector build on Amazon Web Services.

Around 11:55 AM, R Systems share price was up 3.19 per cent at Rs 359.2 per share on BSE. In comparison, the BSE Sensex was up 0.24 per cent at 73,907.88. The market capitalisation of the company stood at Rs 4,251.92 crore.