Stampede Capital jumps on clocking trading transactions of Rs 4000 crore on SGX

Stampede Capital jumped 10.17% to Rs 177.05 at 11:15 IST on BSE after tick by tick data Algo platform of the Stampede Technologies handled around Rs 4000 crore worth of trading transactions with Singapore Exchange for the month of November 2014.

The company made the announcement after trading hours on Friday, 5 December 2014.

Meanwhile, the BSE Sensex was down 62.25 points, or 0.22%, to 28,395.85.

On BSE, so far 28,681 shares were traded in the counter, compared with an average volume of 93,566 shares in the past one quarter.

The stock hit a high of Rs 183.45, also a record high for the stock. The stock hit a low of Rs 161.50 so far during the day. The stock hit a 52-week low of Rs 33 on 29 January 2014.

The stock had outperformed the market over the past one month till 5 December 2014, rising 16.92% compared with 1.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 38.71% as against Sensex's 5.3% rise.

The small-cap firm has an equity capital of Rs 21.27 crore. Face value per share is Rs 10.

Stampede Technologies, Singapore is a step down wholly owned subsidiary of Stampede Capital which offers technology solution / value added services to electronic market marking, risk management and wealth management platforins used by lnstitutional and hedge funds clients who trade the Global Markets.

Stampede Capital's consolidated net profit rose 81.7% to Rs 2.58 crore on 179.2% rise in total income to Rs 18.57 crore in Q2 September 2014 over Q2 September 2013.

The company provides securities trading and broking services.

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