The announcement was made during market hours today, 21 October 2014.

Meanwhile, the BSE Sensex was up 87.99 points, or 0.33%, to 26,517.84

On BSE, so far 4.05 lakh shares were traded in the counter with pending sell orders of 1.58 lakh shares at lower circuit. The stock has an average volume of 3.36 lakh shares in the past one quarter.

The stock hit a high of Rs 217.50 and a low of Rs 169.65 so far during the day. The stock hit a 52-week high of Rs 403.60 on 10 March 2014. The stock hit a 52-week low of Rs 146.60 on 13 November 2013.

The stock had underperformed the market over the past one month till 20 October 2014, falling 11.83% compared with 2.44% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 20.68% as against Sensex's 3.07% rise.

The small-cap company has an equity capital of Rs 9.22 crore. Face value per share is Rs 2.

FTIL tumbled after the government ordered the merger of National Spot Exchange (NSEL) with its holding company Financial Technologies (India) (FTIL) in public interest. The members of the two companies, its creditors may provide suggestions/objections within a period of 60 days, the Ministry of Corporate Affairs said in a statement issued today, 21 October 2014. Meanwhile, FTIL said that the company is taking appropriate steps in the matter in consultation with its legal Counsel.

The stock tumbled on worries that if the merger is completed, NSEL's huge liabilities will come onto FTIL.

FTIL's net profit rose 57.9% to Rs 128.25 crore on 27.4% increase in total income to Rs 216.06 crore in Q1 June 2014 over Q1 June 2013.

FTIL is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets. It is a global leader in creating and operating next-generation tech centric financial exchanges.