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AVANTEL SOFT Gains 10%; BSE IT Index Up 0.9%
Mon, 7 Oct 9:26

AVANTEL SOFT Gains 10%; BSE IT Index Up 0.9%Image source: Sefa Ozel/www.istockphoto.com

AVANTEL SOFT share price has zoomed 10% and is presently trading at Rs 196.7.

Meanwhile, the BSE IT index is at 42,759.0 (up 0.9%).

Among the top gainers in the BSE IT index today are Mphasis (up 3.4%) and INTELLECT DESIGN (up 3.3%).

INFIBEAM AVENUES (down 1.1%) and Mastek (down 0.5%) are among the top losers today.

Over the last one year, AVANTEL SOFT has moved up from Rs 90.3 to Rs 196.7, registering a gain of Rs 106.4 (up 117.9%).

On the other hand, the BSE IT index has moved up from 31,998.7 to 42,759.0, registering a gain of 33.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.7%), Firstsource Solutions (up 89.4%) and PERSISTENT SYSTEMS (up 81.9%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 82,019.7 (up 0.4%).

The top gainers among the BSE Sensex today are ITC (up 1.5%) and HCl Tech. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,103.6 (up 0.4%). Shriram Transport and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,019.7, registering a gain of 16,507.6 points (up 25.2%).

AVANTEL SOFT Financial Update...

AVANTEL SOFT net profit grew 42.5% YoY to Rs 229 million for the quarter ended September 2024, compared to a profit of Rs 161 million a year ago. Net sales rose 42.5% to Rs 774 million during the period as against Rs 543 million in July-September 2023.

For the year ended March 2024, AVANTEL SOFT reported 95.8% increase in net profit to Rs 526 million compared to net profit of Rs 268 million during FY23. Revenue of the company grew 44.9% to Rs 1,976 million during FY24.

The current Price to earnings ratio of AVANTEL SOFT, based on rolling 12 month earnings, stands at 81.4.

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