India, June 25 -- An offshore development centre is a long-term engineering arrangement, and the team works for only one client. The service provider provides engineers, infrastructure, and technical resources for the customer's research and product development needs instead of focusing on short-term project completion.

Onward Technologies Limited is currently trading at Rs 274 after yesterday's closing price of Rs 268.4. The stock opened at Rs 272 and striked a day high of Rs 279.7; the day's low so far is Rs 268.05. The current market capitalisation of the company is Rs 610 crore, with a price-to-earnings ratio of 13.1 times, which is higher than the peer median industry ratio of 23.84 times.

Deal This dedicated R&D capacity primaril...