Financial Technologies hardens as foreign fund hikes stake

News Flash

Deccan Aviation gets DGCA permission to fly abroad
Idea, BSNL agree to interconnect RCom's GSM service
Flight cancelled due to workers strike
Cancel 11 flights to & from Kolkata on 20 Aug
To launch Mumbai services on Wednesday
Deccan Aviation gets permission to fly to UK
RBI relief bonds can be used as collateral for bk loan
July Producer Price Index at 27-year high; up 1.2%
U.S. Housing Starts down 11% in July, lowest in 17 years
Board okays buy back at price not exceeding Rs.350/share
Cannot say if interest rates have peaked: NW
RBI steps, inflation to determine interest rates : NW
BSE Power up 0.26% , Bankex up 0.10%
BSE Teck down 1.38% , Consumer Durables down 1.17%
CNX MidCap down 0.29% , BSE Small Cap down 0.34%
Sensex down 0.70% at 14,543.73
Nifty down 0.56% at 4,368.25
Expectations of U.K having 2 qtrs of -ve GDP growth
See further concerns emerging in U.S economy
Govt could be lender of last resort to Fannie and Freddie
EMs have seen $20bn fund outflows in last 10 weeks
Deccan Aviation granted traffic rights on India-UK sector
Revenues seen flowing in from Q4'09: Sources
Initial order size at $20-$25mn: Sources
Contracts to be signed within 3 months: Sources
Astrazeneca, Merck visited Dishman's facilities: Sources
Dishman to get orders from Merck & Astrazeneca: Srcs
India may import 3-3.5 MT of diesel this year : Oil Secy
To raise tractor prices this month : Escorts
Aluminium, Copper prices to remain weak in H2 FY'09

Updated: 26/03/2008 | 12:00 AM IST

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Capital Market

Wednesday, March 26, 2008 (New Delhi)

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Meanwhile, the BSE Sensex was down 196.81 points, or 1.21%, to 16,020.68.

On BSE, 17,521 shares were traded in the counter. The scrip had an average daily volume of 30,391 shares in the past one quarter.

The stock hit a high of Rs 1428 and a low of Rs 1360 so far during the day. The stock had a 52-week high of Rs 3048 on 29 June 2007 and a 52-week low of Rs 1340 on 24 March 2008.

Software provider Financial Technologies India had underperformed the market over the past one month till 25 March 2008, declining 35.97% compared to the Sensex’s fall of 8.12%. It had also underperformed the market in the past one quarter, declining 44.43% compared to Sensex’s decline of 19.69%.

The company’s current equity is Rs 9.18 crore. Face value per share is Rs 2.

The current price of Rs 1409 discounts its Q3 December 2007 annualized EPS of Rs 469.46, by a PE multiple of 3.

Financial Technologies India's net profit surged 58.63% to Rs 536.95 crore on 27.24% growth in net sales to Rs 39.38 crore in Q3 December 2007 over Q2 September 2007.

Financial Technologies develops software solutions used in online trading terminals. Multi Commodity Exchange of India (MCX), IBS Forex and Tickerplant Infovending are the subsidiaries of the company.