R Systems International jumped 14.2% to Rs 78.80 at 14:40 IST on BSE after the company said that a meeting of the board of directors of the company will be held on 20 December 2014, to consider and approve the proposal for buy-back of shares.
The company made the announcement during market hours today, 11 December 2014.
Meanwhile, the BSE Sensex was down 66.58 points, or 0.24%, to 27,764.52.
On BSE, so far 2.03 lakh shares were traded in the counter, compared with an average volume of 20,336 shares in the past one quarter.
The stock hit a high of Rs 80.90, also a record high for the stock. The stock hit a low of Rs 68.90 so far during the day. The stock hit a 52-week low of Rs 35 on 24 December 2013.
Shares of a mid-cap IT firm had outperformed the market over the past one month till 10 December 2014, rising 13.02% compared with 0.16% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 25.91% as against Sensex's 2.86% rise.
R Systems International's net profit rose 69.74% to Rs 14.53 crore on 31.69% rise in total income to Rs 95.64 crore in Q3 September 2014 over Q2 June 2014.
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