Meanwhile, the BSE Sensex was down 17.60 points, or 0.11% to 16,338.43.

On BSE, 1.23 lakh shares were traded in the counter as against an average daily volume of 34,463 shares in the past one quarter.

The stock hit a high of Rs 252 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 225 so far during the day. The stock had hit a 52-week low of Rs 64.05 on 6 March 2009.

The stock has risen 22.08% in just three trading sessions from a recent low of Rs 196.60 on 28 January 2010. The stock had gained 2.03% to Rs 200.60 on Friday, 29 January 2010 after the company declared its results after market hours on Thursday, 28 January 2010.

The small-cap stock had outperformed the market over the past one month till 1 February 2010, rising 20.64% as compared to the Sensex's 6.35% fall. It had also outperformed the market in the past one quarter, surging 45.05% as compared to the Sensex's return of 2.89%.

The company's equity capital is Rs 14.23 crore. Face value per share is Rs 10.

The current price of Rs 240 discounts the company's Q1 December 2009 annualized EPS of Rs 29.63, by a PE multiple of 8.10.

Avaya GlobalConnect reported net profit of Rs 10.54 crore in Q1 December 2009 compared to net loss of Rs 0.01 crore in Q1 December 2008. Net sales fell 10.5% to Rs 122.59 crore in Q1 December 2009 over Q1 December 2008.

Avaya GlobalConnect is a leading provider of communication systems, applications and services.