The BSE Sensex was up 39.29 points, or 0.25%, to 15461.23.

On BSE, 29,512 shares of the scrip were traded. The stock had an average daily volume of 30,506 shares on BSE in past one quarter.

The scrip had touched a high of Rs 41.70 and a low of Rs 39.80 so far during the day. The stock had hit a 52-week high of Rs 90.40 on 10 January 2007 and a 52-week low of Rs 30.40 on 27 August 2007.

The scrip had outperformed the market in the one month to 3 September 2007, adding 5.62% as against the Sensex's 1.87% gain. It had, however, underperformed the market in the past three months, falling 18.41% against the Sensex's 6.10% rise.

The small-sized IT services provider firm has an equity capital of Rs 13.26 crore. Face value per share is Rs 10.

The five-year contract with John Deere India will see Onward Technologies setting up a facility for providing services in the areas of product engineering, manufacturing and supply management. The centre will be operational with a staff of 50 mechanical engineers and is expected to grow further.

The company reported net loss of Rs 0.41 crore in Q1 June 2007 as against net profit of Rs 0.10 crore in Q4 March 2007. Sales fell 18.66% to Rs 8.67 crore in Q1 June 2007 over Q4 March 2007.

It reported a net loss of Rs 0.41 crore in Q1 June 2007 as against net profit of Rs 0.12 crore in Q1 June 2006. Sales grew 34% to Rs 8.67 crore in Q1 June 2007 over Q1 June 2006.

Onward Technologies operates in three segments: engineering design service, IT service and banking software solutions.