Meanwhile, the BSE Sensex was up 212.40 points, or 0.81%, to 26,578.55.

On the BSE, so far 86,000 shares were traded in the counter, compared with average daily volumes of 1.77 lakh shares in the past one quarter. The stock had hit a high of Rs 114.40 and a low of Rs 111 so far during the day.

The stock hit a 52-week high of Rs 147 on 31 December 2015. The stock hit a 52-week low of Rs 57.25 on 12 February 2016. The stock had outperformed the market over the past 30 days till 29 December 2016, rising 14.91% compared with the 1.08% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.07% as against Sensex's 5.38% decline.

The small-cap company has equity capital of Rs 12.85 crore. Face value per share is Rs 5.

RS Software (India) said that it made further investment in its wholly-owned subsidiary, Paypermint, by acquiring 59 lakh equity shares for Rs 5.90 crore. RS Software (India) holds 75% stake in Paypermint.

On a consolidated basis, R S Software (India) reported net loss of Rs 5.96 crore in Q2 September 2016 as against net profit of Rs 7.62 crore in Q2 September 2015. Net sales declined 76.32% to Rs 15.37 crore in Q2 September 2016 over Q2 September 2015.

RS Software (India) is a vertically integrated technology solution provider to the electronic payments industry operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata, India and offices in the United Kingdom and Singapore.