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Allsec Technologies Plunges 5%; BSE IT Index Up 2.8%
Wed, 6 Nov 10:8

Allsec Technologies Plunges 5%; BSE IT Index Up 2.8%Image source: KanawatTH/www.istockphoto.com

Allsec Technologies share price has plunged 5% and is presently trading at Rs 960.8.

Meanwhile, the BSE IT index is at 41,576.4 (up 2.8%).

Among the top losers in the BSE IT index today are Firstsource Solutions (down 1.3%) and CYIENT (down 0.5%).

Eclerx Services (up 5.8%) and PERSISTENT SYSTEMS (up 4.4%) are among the top gainers today.

Over the last one year, Allsec Technologies has moved up from Rs 684.2 to Rs 960.8, registering a gain of Rs 276.7 (up 40.4%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,576.4, registering a gain of 31.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.3%), Firstsource Solutions (up 128.6%) and PERSISTENT SYSTEMS (up 81.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,060.2 (up 0.7%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.1%) and Infosys (up 3.1%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,401.2 (up 0.8%). Trent and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,060.2, registering a gain of 15,101.5 points (up 23.2%).

Allsec Technologies Financial Update...

Allsec Technologies net profit fell 25.2% YoY to Rs 121 million for the quarter ended September 2024, compared to a profit of Rs 162 million a year ago. Net sales rose 17.0% to Rs 1,314 million during the period as against Rs 1,124 million in July-September 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 19.2.


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