Helios and Matheson recovers on bargain hunting

Helios and Matheson Information Technology rose 2.78% to Rs 40.65 at 11:31 IST on BSE, with the stock advancing on bargain hunting after recent steep slide.

Meanwhile, the S&P BSE Sensex was down 258.81 points or 0.92% at 27,853.02.

On BSE, so far 48,000 shares were traded in the counter as against average daily volume of 70,661 shares over the past one quarter.

The stock hit a high of Rs 42.45 and a low of Rs 39.30 so far during the day. The stock had hit a 52-week high of Rs 147.50 on 7 October 2014. The stock had hit a 52-week low of Rs 38.50 on 25 March 2015.

The stock had underperformed the market over the past one month till 25 March 2015, sliding 35.53% compared with the Sensex's 3.09% fall. The scrip had also underperformed the market in past one quarter, declining 48.87% as against Sensex's 3.32% rise.

The small-cap company has equity capital of Rs 26.41 crore. Face value per share is Rs 10.

Shares of Helios and Matheson Information Technology had declined 22.52% in four trading sessions to settle at Rs 39.55 yesterday, 25 March 2015, from a recent high of Rs 51.05 on 19 March 2015.

Helios and Matheson Information Technology during market hours yesterday, 25 March 2015 said that the group's foray into SMAC (social media, mobility, analytics and cloud), a non-linear revenue segment, is showing great promise.

Helios and Matheson Information Technology's net profit fell 29.55% to Rs 9.08 crore on 1.63% growth in net sales to Rs 213.16 crore in Q3 December 2014 over Q2 September 2014.

Helios and Matheson Information Technology's services span the entire software services cycle from application development and integration to application life cycle management.

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