Financial Technologies (India) rose 4.09% to Rs 253.50 at 15:08 IST on BSE on bargain hunting after the stock tumbled 19.51% in the preceding 10 trading sessions to Rs 243.55 on 20 August 2014, from a recent high of Rs 302.60 on 5 August 2014.
Meanwhile, the BSE Sensex was up 58.11 points, or 0.22%, to 26,372.40.
On BSE, so far 3.83 lakh shares were traded in the counter, compared with an average volume of 3.16 lakh shares in the past one quarter.
The stock hit a high of Rs 255.70 and a low of Rs 246 so far during the day. The stock hit a 52-week high of Rs 403.60 on 10 March 2014. The stock hit a 52-week low of Rs 102.05 on 30 August 2013.
The stock had underperformed the market over the past one month till 20 August 2014, falling 8.90% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.23% as against Sensex's 7.95% 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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Financial Technologies (India) (FTIL)'s net profit rose 57.93% to Rs 128.24 crore on 27.43% increase in total income to Rs 216.05 crore in Q1 June 2014 over Q1 June 2013.
FTIL is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets. It is a global leader in creating and operating next-generation tech centric financial exchanges.
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