The company made this announcement during trading hours today, 11 March 2008. Meanwhile, BSE Sensex was up 162.20 points or 1.02% to 16,085.92. On BSE, 8,889 shares were traded in the counter. The scrip had an average daily volume of 90,505 shares in the past one quarter. The stock hit a high of Rs 231 and a low of Rs 219 so far during the day. The stock had a 52-week high of Rs 385 on 2 January 2008 and a 52-week low of Rs 185.45 on 19 March 2007. The small-cap scrip had underperformed the market over the past one month till 10 March 2008, declining 18.16% compared to the Sensexs fall of 8.82%. It had also underperformed the market in the past one quarter, declining 24.43% compared to Sensexs decline of 21.52%. The companys current equity is Rs 10.75 crore. Face value per share is Rs 10. The current price of Rs 230 discounts Q3 December 2007 annualized EPS of Rs 53.66 by a PE multiple of 4.29. Micro Technologies will offer lost mobile tracking system to secure the mobile handsets of Airtel subscribers. Symbian status achieved Micro LMTS (lost mobile tracking system) is an innovative product of Micro Technologies. As an outcome of this tie-up, it will be easy as well as cost effective for Airtel subscribers to secure their mobile handsets using this advanced technology. The application works on GSM Technology. Micro Technologies Indias net profit rose 21.48% to Rs 14.42 crore on 20.69% growth in net sales to Rs 46.60 in Q3 December 2007 over Q2 September 2007. The company provides information technology (IT) solutions. The services of the company include system integration, software services and products, technical services, E commerce and Internet services. |