Meanwhile, the BSE Sensex was down 23.64 points, or 0.16%, 14,889.41.

On BSE, 2,761 shares were traded in the counter. The stock had an average daily volume of 11,621 shares in the past one quarter.

The stock hit a high of Rs 502 and a low of Rs 490.50 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 stock had risen 24.29% in six trading sessions to Rs 498.95 on 3 July 2009 from a recent low of Rs 401.45 on 25 June 2009. The small-cap stock had outperformed the market over the past one month till 3 July 2009, rising 16.62% as compared to the Sensex's 0.28% rise. It had also outperformed the market in the past one quarter, soaring 91.24% as compared to the Sensex's return of 44.10%.

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

The current price of Rs 490.50 discounts the company's Q4 March 2009 annualized EPS of Rs 93.03, by a PE multiple of 5.27.

The board of Glodyne Technoserve had on 1 July 2009 recommended a liberal 1:1 bonus issue. This is a maiden bonus issue from the firm.

Glodyne Technoserve's net profit rose 38.70% to Rs 25.84 crore on 8.85% rise in net sales to Rs 128.68 crore in Q4 March 2009 over Q3 December 2008.

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