R S Software hits 52-week high after bulk deal

R S Software (India) surged 8.68% to Rs 355.10 at 11:15 IST on BSE after an investment firm bought 0.54% stake in the company in a bulk deal on NSE on Thursday, 10 July 2014.

Meanwhile, the S&P BSE Sensex was down 154.20 points or 0.61% at 25,218.53

On BSE, so far 1.51 lakh shares were traded in the counter as against average daily volume of 61,389 shares in the past one quarter.

The stock hit a 52-week high of Rs 364.10 in intraday trade today, 11 July 2014. The stock hit a low of Rs 333 so far during the day. The stock had hit a 52-week low of Rs 110.10 on 31 July 2013.

The stock had outperformed the market over the past one month till 10 July 2014, rising 39.4% compared with 0.82% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 79.88% as against Sensex's 11.7% rise.

The small-cap company has equity capital of Rs 12.80 crore. Face value per share is Rs 10.

Investment firm Reliance Wealth Management bought 70,000 shares or 0.54% stake in R S Software (India) at an average price of Rs 325.75 per share in a bulk deal on NSE on Thursday, 10 July 2014.

R S Software (India)'s consolidated net profit gained 19.49% to Rs 16 crore on 0.79% fall in net sales to Rs 93.20 crore in Q4 March 2014 over Q3 December 2013.

R S Software (India) is a leading software solutions provider for electronic payments industry.

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