Hot Pursuit     22-Aug-11
Four Soft spurts on new order win
Four Soft jumped 8.5% to Rs 9.32 at 11:41 IST on BSE after the company bagged a contract from Hankyu Hanshin Express India, a leading international logistics company, for the implementation of freight forwarding application.

The company announced the new order win during trading hours today, 22 August 2011.

Meanwhile, the BSE Sensex was up 10.65 points, or 0.07%, to 16,152.32.

On BSE, 6,459 shares were traded in the counter as against an average daily volume of 17,430 shares in the past one quarter.

The stock hit a high of Rs 9.32 and a low of Rs 8.66 so far during the day. The stock had hit a record low of Rs 8.50 on Friday, 19 August 2011. The stock had hit a 52-week high of Rs 25.40 on 9 November 2010.

The small-cap stock had underperformed the market over the past one month till 19 August 2011, declining 33.62% compared with the Sensex's 13.47% fall. The scrip had also underperformed the market in past one quarter, falling 38.86% as against 11.02% decline in the Sensex.

The company has an equity capital of Rs 19.48 crore. Face value per share is Rs 5.

Four Soft said it has signed the latest deal with Hankyu Hanshin Express India for implementing freight forwarding application 4S eTrans on software-as-a-service model.

On a consolidated basis, Four Soft reported net profit of Rs 1.62 crore in Q1 June 2011 compared with net loss of Rs 1.31 crore in Q4 March 2011. Net sales fell 8.26% to Rs 29.99 crore in Q1 June 2011 over Q4 March 2011.

Four Soft provides innovative software solutions, IT consultancy and BPO services exclusively for the logistics and supply-chain management market place.

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