Financial Technologies spurts on bargain hunting

Financial Technologies (India) rose 16.36% to Rs 116.30 at 13:56 IST on BSE on bargain hunting after the stock slumped 32.51% in the preceding 13 trading sessions to Rs 99.95 on 4 September 2015, from a recent high of Rs 148.10 on 18 August 2015.

Meanwhile, the BSE Sensex was down 49.01 points, or 0.19%, to 25,152.89.

On BSE, so far 5.89 lakh shares were traded in the counter, compared with an average volume of 1.19 lakh shares in the past one quarter.

The stock hit a high of Rs 117.40 and a low of Rs 101.50 so far during the day. The stock hit a 52-week high of Rs 266 on 5 September 2014. The stock hit a 52-week low of Rs 98.30 on 4 September 2015.

The stock had underperformed the market over the past one month till 4 September 2015, sliding 33.61% compared with 10.22% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 31.89% as against Sensex's 6.01% decline.

The small-cap company has an equity capital of Rs 9.22 crore. Face value per share is Rs 2.

Financial Technologies (India) (FTIL) reported net loss of Rs 34.15 crore in Q1 June 2015 as against net profit of Rs 128.25 crore in Q1 June 2014. Net sales declined 19.70% to Rs 34.73 crore in Q1 June 2015 over Q1 June 2014.

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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