Meanwhile, the BSE Sensex was down 143.81 points, or 1%, to 14884.47.

On BSE, 22.72 lakh shares were traded in the counter as against an average daily volume of 83,330 shares in the past one quarter.

The stock hit a low of Rs 26.05 so far during the day. The stock had hit a 52-week high of Rs 85.90 on 20 August 2008 and a 52-week low of Rs 9 on 20 March 2009.

The stock had outperformed the market over the past one month till 17 August 2009, rising 12.08% as compared to the Sensex's 0.27% rise. It outperformed the market in past one quarter, gaining 28.13% as against 21.45% rise in the Sensex.

The small-cap information technology company has an equity capital of Rs 44.26 crore. Face value per share is Rs 10.

The current price of Rs 31.65 discounts the company's Q2 June 2009 annualised EPS of Rs 0.48, by a PE multiple of 65.93.

BlueAlly undertakes projects in product lifecycle management, application development and maintenance for telecom, information security and insurance firms. Trianz Inc is a wholly-owned unit of Trianz Holdings, India.

Megasoft's net profit declined 80.51% to Rs 0.53 crore on a 37.5% rise in sales to Rs 25.08 crore in Q2 June 2009 over Q1 March 2009.

Megasoft develops and markets computer software. The company develops software that allows cellular telephone operators to offer their customers differentiated services, and outsources application software development, maintenance, and support services.

Megasoft's promoters have pledged 5 lakh shares representing 1.13% equity capital of the company. The total promoter shareholding in the company is 7.24% (as on 31 June 2009).