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AVANTEL SOFT Gains 7%; BSE IT Index Down 0.1%
Mon, 8 Jul 12:11

AVANTEL SOFT Gains 7%; BSE IT Index Down 0.1%Image source: ipopba/www.istockphoto.com

AVANTEL SOFT share price has zoomed 7% and is presently trading at Rs 201.7.

Meanwhile, the BSE IT index is at 38,449.3 (down 0.1%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 5.2%) and ROUTE MOBILE (up 2.0%).

PERSISTENT SYSTEMS (down 2.9%) and Sonata Software (down 2.7%) are among the top losers today.

Over the last one year, AVANTEL SOFT has moved up from Rs 51.6 to Rs 201.7, registering a gain of Rs 150.0 (up 290.7%).

On the other hand, the BSE IT index has moved up from 29,996.1 to 38,449.3, registering a gain of 28.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 170.2%), Birlasoft (up 100.0%) and Firstsource Solutions (up 92.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,882.3 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 4.1%) and MUNDRA PORT & SEZ (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,272.7 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,882.3, registering a gain of 14,403.3 points (up 22.0%).

AVANTEL SOFT Financial Update...

AVANTEL SOFT net profit grew 26.2% YoY to Rs 122 million for the quarter ended March 2024, compared to a profit of Rs 96 million a year ago. Net sales declined 20.5% to Rs 418 million during the period as against Rs 525 million in January-March 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 93.3.

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1 Responses to "AVANTEL SOFT Gains 7%; BSE IT Index Down 0.1%"

Dr. B. S. JAYARAM

Jul 8, 2024

This stock continues to surprise me with its stellar performance since 2022, when I bought this share at around Rs 360/-. I was rewarded with 3:1 bonus, followed by stock split 1:5 shares. Subsequent 2:1 Bonus issue has resulted in 60X returns in terms of no. of shares.
I have stopped looking farther since I have already pulled out my capital with handsome profits. All left being at zero cost.

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