Hot Pursuit     30-Nov-15
R Systems jumps on mulling merger of US subsidiaries
R Systems International surged 3.64% to Rs 71.20 at 10:17 IST on BSE after the company said its board of directors will meet on 6 December 2015, inter alia, to discuss and approve the merger of wholly owned subsidiaries based in US.

The announcement was made after market hours on Friday, 27 November 2015.

Meanwhile, the S&P BSE Sensex was down 2.22 points or 0.01% at 26,125.98.

On BSE, so far 4,727 shares were traded in the counter as against average daily volume of 7,864 shares in the past one quarter.

The stock hit a high of Rs 72 and a low of Rs 70.55 so far during the day. The stock had hit a record high of Rs 99.95 on 16 April 2015. The stock had hit a 52-week low of Rs 59 on 27 July 2015.

The stock had underperformed the market over the past one month till 27 November 2015, sliding 12.2% compared with Sensex's 4.13% fall. The scrip had also underperformed the market in past one quarter, declining 2.62% as against Sensex's 0.39% fall.

The small-cap company has equity capital of Rs 12.69 crore. Face value per share is Rs 1.

On consolidated basis, R Systems International's net profit surged 262.36% to Rs 52 crore on 13.56% decline in net sales to Rs 143.01 crore in Q3 September 2015 over Q2 June 2015.

R Systems International (RSIL) is a global information technology (IT) and business process outsourcing (BPO) company.

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