Financial Technologies (India) advanced 4.62% to Rs 171.95 at 13:52 IST on BSE on bargain hunting after sliding 24.4% in prior three trading sessions to Rs 164.35 on 17 September 2013 from a recent high of Rs 217.40 on 12 September 2013.
Meanwhile, the BSE Sensex was up 67.80 points, or 0.34%, to 19,871.83
On BSE, 33.09 lakh shares were traded in the counter compared with average volume of 14.91 lakh shares in the past one quarter.
The stock hit a high of Rs 187 and a low of Rs 155 so far during the day. The stock hit a 52-week low of Rs 102.05 on 30 August 2013. The stock hit a 52-week high of Rs 1,223.80 on 13 November 2012.
The stock had outperformed the market over the past one month till 17 September 2013, rising 8.84% compared with the Sensex's 6.48% rise. The scrip, however, underperformed the market in past one quarter, falling 78.87% as against Sensex's 2.47% rise.
The small-cap company has an equity capital of Rs 9.22 crore. Face value per share is Rs 2.
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Meanwhile, Financial Technologies (India) (FTIL)'s unlisted unit National Spot Exchange (NSEL) on Tuesday, 17 September 2013, made the fifth straight payment default, as it could pay only Rs 8.57 crore to investors out of the scheduled amount of Rs 174.72 crore.
NSEL had to shut down its operations since 1 August 2013 following the government direction in the wake of violation of certain rules. NSEL is grappling with the problem of payment settlement after the suspension. It has given eight-month plan to settle Rs 5574.31 crore to investors. NSEL is scheduled to make a payout every Tuesday for 30 weeks, ending in March 2014. FTIL is one of the two promoters of the NSEL.
FTIL's net profit rose 6.84% to Rs 81.21 crore on 15.44% growth in total income to Rs 169.54 crore in Q1 June 2013 over Q1 June 2012.
FTIL is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets, that are transparent, efficient and liquid, across all asset classes including - equities, commodities, currencies and bonds among others. The group operates one of the world's largest networks of nine exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia. The group also has five ecosystem ventures to address upstream and downstream opportunities around exchanges, including clearing, depository, information vending and payment gateway, among others.
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