The three scrips had been gaining since the Sensex touched its bottom on October 18. Even scrips like Infosys and Satyam Computers had seen similar trend earlier this month.

The SSI scrip has lost over 10 per cent since October 27, when the financial results were declared, while IEC Software lost over 4 per cent during the same period. SSI stock, which had improved from Rs 1953.50 on October 18 to Rs 2303.40 on October 27, has nose-dived to 2064.15 till the first day November. IEC Software, which had improved from Rs 80 to Rs 86.5 has dropped to Rs 83 over the same period. The STG counter lost over five per cent in a day, on October 31.

Volumes, though, have increased even as the prices came under pressure, except in STG counter. This shows that the trend-reversal is strong, specially in IEC Software scrip, where the volumes increased by over 7000 per cent. The punters who had already discounted the results are busy booking profits in these scrips. In case of STG scrip, the southward movement seems weak with volumes coming down by 93 per cent, in tune with the prices. SSI has declared a three-fold increase in net profit during the first quarter ended September 2000, over the same period last year. Income from operations has increased by 224 per cent in the same period.

Net profit has touched Rs 27.58 crore while incomes from operations have swelled to Rs 101.53 crore. IEC Software has also declared 340 per cent jump in net profit during the quarter ended September 2000. Its sales have increased by 194 per cent during the same period. STG has also declared a growth of 215 per cent in net profits during the first half of the current fiscal.