At 12:11 IST, the stock was trading at Rs 525. The stock debuted at Rs 152, hit a high of Rs 800 and low of Rs 152 so far in the day. There are no daily circuit filters in the stock pertaining to today’s trading to facilitate price discovery due to resumption of trading after a gap of six years. 2,000 shares changed hands in the counter on BSE so far.

The stock was last traded at a mere 80 paise on BSE on 15 February 2002.

The company is engaged in the business of software development including data processing and web site maintenance. It reported a net profit of Rs 0.09 crore on net sales of Rs 0.15 crore in the quarter ended March 2008. The company’s equity capital is Rs 4.71 crore and earnings per share (EPS) is miniscule. Face value per share is Rs 10.

The stock is traded in Z group of BSE. As per shareholding data as on 31 March 2008, 73,600 shares out of a total public holding of 35.86 lakh shares (just 2% of total public holding) were in demat form as on 31 March 2008.

It may be recalled that an abnormal gyration in another stock KGN Industries in which trading had resumed on Wednesday, 21 May 2008, after an suspension of seven years, had forced BSE to suspend trading in the stock for that day in afternoon trade. The unusual gyration in that stock was due to absence of daily circuit filters.