Financial Technologies soars higher on the bourses

22 Dec 2011 Evaluate

Financial Technologies is currently trading at Rs. 554.55, up by 12.30 points or 2.27% from its previous closing of Rs. 542.25 on the BSE.

The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 557.60 and Rs. 529.25 respectively. So far 20755 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 931.00 on 05-Apr-2011 and a 52 week low of Rs. 521.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 612.90 and Rs. 521.00 respectively. The current market cap of the company is Rs. 2498.61 crore.

The promoters holding in the company stood at 45.69% while Institutions and Non-Institutions held 32.07% and 21.91% respectively. 

Financial Technologies (India) has repaid the entire outstanding amount of foreign currency convertible bonds (FCCBs) and premium thereon by making payment of $133.16 million on the due date i.e. December 21, 2011. Earlier in December 2006, the company had raised $100 million and in accordance with the terms of FCCBs, it has redeemed the entire amount and premium.

Financial Technologies (India) is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.

The company’s net profit for the quarter ended September 30, 2011 has declined 18.22% at Rs 69.23 crore as compared to Rs 84.65 crore for the corresponding quarter of the previous year. The company’s total income has decreased by 11.69% at Rs 128.63 crore for the second quarter of the current fiscal from Rs 145.65 crore for the corresponding quarter of the previous year.

63 Moons Tech. Share Price

341.35 -17.95 (-5.00%)
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