R S Software (India) hit an upper circuit limit of 20% at Rs 46.10 at 13:59 IST on BSE after the company said it emerged as the lowest bidder in the reverse online auction conducted by National Payments Corporation of India.
The announcement was made during trading hours today, 13 July 2018.Meanwhile, the S&P BSE Sensex was up 50.17 points, or 0.14% to 36,598.58.
On the BSE, 1.61 lakh shares were traded in the counter so far compared with average daily volumes of 8,424 shares in the past two weeks. The stock had hit a low of Rs 38 in intraday trade. The stock hit a 52-week high of Rs 96.80 on 12 January 2018. The stock hit a 52-week low of Rs 33 on 28 June 2018.
R S Software (India) participated in reverse online auction conducted by National Payments Corporation of India (NPCI) for development and operation of platform for EFRM. The company has been ranked as L1 bidder in the reverse online auction conducted as above, pending award and execution of contract for the same.
On a consolidated basis, R S Software (India) reported net loss of Rs 6.73 crore in Q4 March 2018 as against net loss of Rs 4.32 crore in Q4 March 2017. Net sales declined 13.43% to Rs 15.34 crore in Q4 March 2018 over Q4 March 2017.
R S Software (India) is focused on providing software solution to electronic payment industries.
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