Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

AXIS-IT&T LIMITED Plunges 8%; BSE IT Index Down 0.3%
Tue, 3 Sep 9:31

AXIS-IT&T LIMITED Plunges 8%; BSE IT Index Down 0.3%Image source: bluebay2014/www.istockphoto.com

AXIS-IT&T LIMITED share price has plunged 8% and is presently trading at Rs 608.2.

Meanwhile, the BSE IT index is at 43,496.2 (down 0.3%).

Among the top losers in the BSE IT index today are Tech Mahindra (down 0.8%) and Infosys (down 0.6%).

INDIAMART INTERMESH (up 2.0%) and TANLA SOLUTIONS (up 1.1%) are among the top gainers today.

Over the last one year, AXIS-IT&T LIMITED has moved up from Rs 553.2 to Rs 608.2, registering a gain of Rs 55.0 (up 9.9%).

On the other hand, the BSE IT index has moved up from 31,467.7 to 43,496.2, registering a gain of 38.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.7%), INFIBEAM AVENUES (up 112.5%) and PERSISTENT SYSTEMS (up 101.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,493.2 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.2%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,267.2 (down 0.1%). Bajaj Finance and Bajaj Finserv are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,493.2, registering a gain of 17,405.9 points (up 26.7%).

AXIS-IT&T LIMITED Financial Update...

AXIS-IT&T LIMITED net profit grew 193.9% YoY to Rs 168 million for the quarter ended June 2024, compared to a profit of Rs 57 million a year ago. Net sales rose 4.1% to Rs 2,235 million during the period as against Rs 2,146 million in April-June 2023.

For the year ended March 2024, AXIS-IT&T LIMITED reported 796.3% increase in net profit to Rs 334 million compared to net loss of Rs 48 million during FY23. Revenue of the company grew 16.2% to Rs 9,551 million during FY24.

The current Price to earnings ratio of AXIS-IT&T LIMITED, based on rolling 12 month earnings, stands at 57.4.


Equitymaster requests your view! Post a comment on "AXIS-IT&T LIMITED Plunges 8%; BSE IT Index Down 0.3%". Click here!