Meanwhile, the BSE Sensex was down 61.73 points, or 0.38%, to 16,367.18

On BSE, 54,033 shares were traded in the counter with pending sell orders of 82,738 shares at lowest level. The counter saw an average daily volume of 15.82 lakh shares in the past one quarter.

The stock hit a high and low of Rs 285.80 so far during the day. The stock had hit a 52-week high of Rs 544 on 11 February 2010 and a 52-week low of Rs 100 on 26 October 2009.

The small-cap stock underperformed the market over the past one month till 17 February 2010, declining 27.85% compared with the Sensex's 6.41% fall. However, it outperformed the market in past one quarter, rising 22.25% as against 3.65% decline in the Sensex.

The company's equity capital is Rs 10.05 crore. Face value per share is Rs 10.

The current price of Rs 285.80 discounts the company's Q3 December 2009 annualized EPS of Rs 3.14, by a PE multiple of 91.01

The stock dropped 20% to Rs 396.90 on 16 February 2010 after a notice issued by the BSE after market hours on 15 February 2010 indicated that Thinksoft Global will enter the Trade to Trade or T2T category which will be effective from 19 February 2010. The stock declined 20% to Rs 317.55 on 17 February 2010 on pent-up selling.

A scrip is put under the 'T' group as a surveillance measure to counter unwarranted movements. Shares traded under the 'T' group have to be settled in delivery and squaring off of bought and sold positions during the day is not permitted.

Thinksoft Global Services is a financial software testing company. The Chennai-based firm had raised Rs 45.57 crore through an initial public offer in October 2009. The IPO was subscribed 2.25 times.

The company reported 76.27% slide in net profit to Rs 0.79 crore on 21.51% fall in net sales to Rs 16.23 crore in Q3 December 2009 over Q2 September 2009.