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Allsec Technologies Gains 5%; BSE IT Index Down 1.8%
Fri, 18 Oct 13:45

Allsec Technologies Gains 5%; BSE IT Index Down 1.8%Image source: phive2015/www.istockphoto.com

Allsec Technologies share price has zoomed 5% and is presently trading at Rs 1,140.3.

Meanwhile, the BSE IT index is at 42,377.8 (down 1.8%).

Among the top gainers in the BSE IT index today are Wipro (up 4.1%) and Mastek (up 0.7%).

LTIMINDTREE (down 6.6%) and Infosys (down 4.6%) are among the top losers today.

Over the last one year, Allsec Technologies has moved up from Rs 604.5 to Rs 1,140.3, registering a gain of Rs 535.8 (up 88.6%).

On the other hand, the BSE IT index has moved up from 32,175.6 to 42,377.8, registering a gain of 31.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 181.2%), Firstsource Solutions (up 102.0%) and PERSISTENT SYSTEMS (up 90.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,327.3 (up 0.4%).

The top gainers among the BSE Sensex today are Axis Bank (up 5.9%) and Tata Motors (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,868.1 (up 0.5%). Axis Bank and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,327.3, registering a gain of 15,160.4 points (up 22.9%).

Allsec Technologies Financial Update...

Allsec Technologies net profit grew 102.6% YoY to Rs 320 million for the quarter ended June 2024, compared to a profit of Rs 158 million a year ago. Net sales rose 20.3% to Rs 1,293 million during the period as against Rs 1,075 million in April-June 2023.

For the year ended March 2024, Allsec Technologies reported 31.0% increase in net profit to Rs 640 million compared to net profit of Rs 489 million during FY23. Revenue of the company grew 20.2% to Rs 4,694 million during FY24.

The current Price to earnings ratio of Allsec Technologies, based on rolling 12 month earnings, stands at 21.7.


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