Hot Pursuit     27-Jan-12
Thinksoft Global Services slumps after weak Q3 outcome
Thinksoft Global Services tumbled 7.05% to Rs 48.75 at 10:23 IST on BSE after consolidated net profit fell 30.7% to Rs 2.75 crore on 1.1% decline in net sales to Rs 29.63 crore in Q3 December 2011 over Q2 September 2011.

The company announced the results after market hours on Wednesday, 25 January 2012.

Meanwhile, the BSE Sensex was up 81.41 points, or 0.48% to 17,077.18.

On BSE, 62,000 shares were traded in the counter as against an average daily volume of 21,995 shares in the past one quarter.

The stock hit a high of Rs 55.40 and a low of Rs 45.55 so far during the day. The stock had hit a record low of Rs 30.10 on 23 November 2011. The stock had hit a 52-week high of Rs 82.20 on 25 January 2011.

The stock had outperformed the market over the past one month till 25 January 2012, surging 28.71% compared with Sensex's 8.5% rise. The scrip had also outperformed the market over the past one quarter, rising 16.43% as against Sensex's 1.03% fall.

The small-cap IT company has an equity capital of Rs 10.05 crore. Face value per share is Rs 10.

Thinksoft Global Services is a Chennai-based financial software testing company.

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