Financial Technologies India rose 0.46% to Rs 1713 at 13:48 IST on BSE after the company said it has acquired 90% stake in ICX Platform, a technology company situated at Johannesburg, South Africa for a consideration of $1.5 million.
The stock hit a high of Rs 1739.35 and a low of Rs 1690 so far during the day. The stock had a 52-week high of Rs 3048 on
In March 2008, Financial Technologies said foreign funds FMR LLC and FIL acquired a further 0.17% stake in the company to raise their total holdings to 10.13%.
The company’s current equity is Rs 9.18 crore. Face value per share is Rs 2.
The current price of Rs 1713 discounts its Q3 December 2007 EPS of Rs 469.46 by a PE multiple of 3.65.
Financial Technologies India's net profit surged 58.63% to Rs 536.95 crore on 27.24% growth in net sales to Rs 39.38 crore in Q3 December 2007 over Q2 September 2007.
ICX Platform owns IPR and corporate ownership of electronic warehouse receipts technology.
Financial Technologies develops software solutions used in online trading terminals. Multi Commodity Exchange of India (MCX), IBS Forex and Tickerplant Infovending are the subsidiaries of the company.
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