Meanwhile, the BSE Sensex was down 206.74 points, or 0.88%, to 23,203.44.

On BSE, so far 98,000 shares were traded in the counter, compared with an average volume of 41,000 shares in the past two weeks. The stock hit a high of Rs 66.60 and a low of Rs 60.60 so far during the day. The stock hit a 52-week high of Rs 242.80 on 10 April 2015. The stock hit a 52-week low of Rs 57.25 on 12 February 2016.

R S Software (India) announced that in its ordinary course of business, the company has recently added four new customers in USA and India. Further, the company has bagged additional projects from National Payments Corporation (NPCI) valued around Rs 36 crore to be executed and supported over a period ranging from 3 to 5 years.

On a consolidated basis, R S Software (India)'s net profit rose 68.64% to Rs 12.85 crore on 65.06% decline in net sales to Rs 22.68 crore in Q3 December 2015 over Q2 September 2015.

R S Software (India) focuses exclusively on the payments industry since its inception in 1991. The company has built solutions for the introduction of new standards such as EMV and new technologies such as mobile and contactless payments while mitigating the pain and cost associated with the legacy systems supporting them. It offers a range of services – custom application development, quality assurance, testing, maintenance, support and strategic consulting.