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Financial Technologies trades high

Tuesday, March 31, 2009 3:05 pm
By ShareGyan.com NewsDesk

7.73 lakh shares traded on Sensex in the counter. The stock saw a standard everyday volume of 1.31 shares in the last quarter.
The stock got an up of Rs.648.55 and a down of Rs.575 till now. The stock saw a 52-week up of Rs.1945.85 on 5th May last year and a 52-week down of Rs.404 on 23rdJanuary.
The stock is high 12% from a late down of Rs.521.65 on 26th March. The stock had increased 37.94% as opposed to the BSE’s 7.61% increase. It had also increased 14.14% as opposed to the BSE’s drop of 1.52%.
The financial software developer owns an equity asset of Rs.9.18 crore.
The present price of Rs.620.95 slashes the company’s Quarter 3 December last year annualized EPS of Rs.37.64 by a PE manifold of 16.49.
Financial Technologies is recorded to have got in touch with some investment bankers lately about the likelihood of refreshing plans for the MCX IPO.
Reliance Capital Trustee Company purchased 24 lakh shares of FT for Rs.502.50 a share. Fidelity sold 6.26 lakh shares its stake in a block agreement for Rs.501.83 each. FID Funds Mauritius sold 31.36 lakh shares for Rs.501.83 each.
Financial Technologies’ net earnings dropped 43.94% on a 47.76% dropped in sales to Rs.62.40 crore in Quarter 3 December last year over Quarter 2 September last year.

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