R S Software spurts after strong Q1 earnings

R S Software (India) surged 8.28% to Rs 134 at IST on BSE on renewed buying as the company reported strong Q1 earnings at the fag end of trading hours on Wednesday, 17 July 2013.

The stock had fallen 5.53% to settle at Rs 123.75 on Wednesday, 17 July 2013.

Meanwhile, the S&P BSE Sensex was up 50.81 points or 0.25% at 19,999.54.

On BSE, 49,000 shares were traded in the counter as against average daily volume of 14,408 shares in the past one quarter.

The stock surged as much as 11.35% at the day's high of Rs 137.80 so far during the day. The stock hit a low of Rs 128 so far during the day. The stock had hit a 52-week low of Rs 100.10 on 18 July 2012. The stock had hit a 52-week high of Rs 208.90 on 3 January 2013.

The stock had outperformed the market over the past one month till 17 July 2013, surging 11.79% compared with the Sensex's 3.22% rise. The scrip had, however, underperformed the market in past one quarter, declining 2.9% as against Sensex's 6.5% rise.

The small-cap company has equity capital of Rs 12.11 crore. Face value per share is Rs 10.

R S Software (India)'s consolidated net profit surged 20.16% to Rs 10.19 crore on 17.97% growth in net sales to Rs 89.92 crore in Q1 June 2013 over Q4 March 2013.

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

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