Glodyne Technoserve slips on profit taking

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 06/07/2009 | 12:00 AM IST

Software

Capital Market

Monday, July 06, 2009 (New Delhi)

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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.