After being locked in upper circuit for five trading sessions, on Wednesday morning, Trigyn Technologies had fallen sharply and came down to Rs 130.80 level.
At 1000 hours, it reported to be down by 1.8 per cent in comparison to its previous day's closing. The stock, however, has witnessed a huge volume in the first trading hour in both the bourses.
The IT company earlier bagged an order from State of Maryland's Department of Information Technology.
The order is valid for 12 years which had boosted the stock price during last five trading sessions. However, on Wednesday, at the time of filing this report, the stock is witnessing heavy selling pressure.
On March 1, Trigyn opened its New York office making its presence significantly felt in the USA. It has now three operational offices in the USA.