Meanwhile, the S&P BSE Sensex was up 74.29 points or 0.27% at 27,214.70.

On the BSE, 20,686 shares were traded in the counter so far as against average daily volume of 66,260 shares in past one quarter. The stock was locked at a high of Rs 111.50 in intraday trade. The stock had hit a 52-week high of Rs 140.60 on 8 June 2016. The stock had hit a 52-week low of Rs 48.60 on 29 February 2016.

The stock had underperformed the market over the past one month till 11 January 2017, falling 7.33% compared with the Sensex 1.47% gains. The scrip had, however, outperformed the market in past one quarter, rising 0.57% as against Sensex's 3.35% decline.

The small-cap company has equity capital of Rs 29.74 crore. Face value per share is Rs 10.

Trigyn Technologies announced that Trigyn Technologies Inc., a wholly-owned subsidiary of the company awarded Federal GSA's IT Schedule 70 contract.

Trigyn Technologies, Inc. has been awarded a United States General Services Administration (GSA) schedule contract, (GS-35F-139GA), designating Trigyn Technologies, Inc. as an approved vendor on the GSA's IT Schedule 70.

The initial duration of the award is for a period of five years from 19 December 2016 through 18 December 2021. This award enables Government agencies and entities, federal, state and local, to more easily acquire and benefit from Trigyn's IT professional services.

Trigyn has been approved to compete as a prime contractor for awards under the Category (SIN) 132-51 – Information Technology Professional Services.

GSA's IT Schedule 70 is the largest and most widely used acquisition vehicle in the Federal Government. The Indefinite Delivery/Indefinite Quantity (IDIQ) Multiple Award Schedule (MAS) provides direct access to products, services and solutions from certified industry partners.

This award will facilitate Trigyn's continued expansion of its public sector business, which today encompasses services in more than 15 US states, with a significant presence in the Baltimore – Washington, DC and New York – New Jersey regions.

Trigyn Technologies, Inc. is a Delaware Corporation with offices in Washington, DC, Edison, New Jersey, Toronto, Montreal and Switzerland and development centers in Mumbai, India.

Trigyn Technologies' consolidated net profit fell 7.94% to Rs 10.43 crore on 1.81% decline in net sales to Rs 169 crore in Q2 September 2016 over Q1 June 2016.

s Trigyn Technologies is an innovative solutions provider and systems integrator that has been in business for 30 years with more than 1,500 resources deployed today. Trigyn provides IT staffing, consulting, solutions, systems integration, digital marketing and other services to its clients.