Shares of mid-and-small-sized information technology (IT) shares have rallied by up to 19% on back of heavy volumes on the bourses.
Geometric, R Systems International, NIIT, Polaris Financial Technology, Nucleus Software, Infinite Computer Solutions (India), NIIT Technologies, Ramco Systems and Thinksoft Global Services are trading higher in the range of 5-19% on the Bombay Stock Exchange.
R Systems International has zoomed 19% to Rs 643, also its record high on the BSE. A combined 475,000 shares changed hands on the counter till 1520 hours, against an average less than 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
The stock has rallied 74% in past one month from Rs 370 on January 20, compared to nearly 3% decline in S&P BSE 500 index. The company has reported over seven-fold jump in consolidated net profit at Rs 21.77 crore for the quarter ended December 31, 2013, on back of strong operational performance.
Geometric, R Systems International, NIIT, Polaris Financial Technology, Nucleus Software, Infinite Computer Solutions (India), NIIT Technologies, Ramco Systems and Thinksoft Global Services are trading higher in the range of 5-19% on the Bombay Stock Exchange.
R Systems International has zoomed 19% to Rs 643, also its record high on the BSE. A combined 475,000 shares changed hands on the counter till 1520 hours, against an average less than 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
The stock has rallied 74% in past one month from Rs 370 on January 20, compared to nearly 3% decline in S&P BSE 500 index. The company has reported over seven-fold jump in consolidated net profit at Rs 21.77 crore for the quarter ended December 31, 2013, on back of strong operational performance.
