The company made this announcement before trading hours today, 1 July 2009.

Meanwhile, the BSE Sensex was up 115.05 points, or 0.79%, 14,608.89.

On BSE, 641 shares were traded in the counter. The stock had an average daily volume of 10,675 shares in the past one quarter.

The stock hit a high of Rs 487.85 and a low of Rs 487.85 so far during the day. The stock hit a 52-week high of Rs 699 on 22 September 2008 and a 52-week low of Rs 161.50 on 6 February 2009.

The small-cap stock had outperformed the market over the past one month till 30 June 2009, rising 12.90% as compared to the Sensex's 0.90% fall. It had also outperformed the market in the past one quarter, surging 88.12% as compared to the Sensex's return of 51.48%.

The company's current equity is Rs 11.20 crore. Face value per share is Rs 10.

The current price of Rs 487.85 discounts the company's Q3 December 2008 annualized EPS of Rs 67.14, by a PE multiple of 7.27.

This is a maiden bonus issue from Glodyne Technoserve.

Glodyne Technoserve's net profit rose 5.25% to Rs 18.63 crore on 5.65% rise in net sales to Rs 118.22 crore in Q3 December 2008 over Q2 September 2008.

The company provides information technology (IT) services. The group operates in two segments viz. technology infrastructure management services and software services.