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Accelya Kale Gains 6%; BSE IT Index Down 0.0%
Fri, 5 Jul 10:3

Accelya Kale Gains 6%; BSE IT Index Down 0.0%Image source: alexsl/www.istockphoto.com

Accelya Kale share price has zoomed 6% and is presently trading at Rs 1,853.8.

Meanwhile, the BSE IT index is at 38,529.1 .

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 3.4%) and PERSISTENT SYSTEMS (up 0.8%).

KPIT TECHNOLOGIES (down 1.7%) and TANLA SOLUTIONS (down 1.5%) are among the top losers today.

Over the last one year, Accelya Kale has moved up from Rs 1,338.5 to Rs 1,853.8, registering a gain of Rs 515.3 (up 38.5%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 38,529.1, registering a gain of 29.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.2%), Birlasoft (up 101.6%) and PERSISTENT SYSTEMS (up 97.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,541.4 (down 0.6%).

The top losers among the BSE Sensex today are HDFC Bank (down 4.1%) and M&M (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,187.4 (down 0.5%). HDFC Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,541.4, registering a gain of 14,336.4 points (up 22.0%).

Accelya Kale Financial Update...

Accelya Kale net profit fell 99.4% YoY to Rs 2 million for the quarter ended March 2024, compared to a profit of Rs 363 million a year ago. Net sales rose 9.6% to Rs 1,310 million during the period as against Rs 1,195 million in January-March 2023.

For the year ended June 2023, Accelya Kale reported 66.3% increase in net profit to Rs 1,267 million compared to net profit of Rs 762 million during FY22. Revenue of the company grew 27.4% to Rs 4,694 million during FY23.

The current Price to earnings ratio of Accelya Kale, based on rolling 12 month earnings, stands at 29.2.

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