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Aptech Gains 6%; BSE IT Index Up 3.9%
Wed, 6 Nov 14:17

Aptech Gains 6%; BSE IT Index Up 3.9%Image source: DNY59/www.istockphoto.com

Aptech share price has zoomed 6% and is presently trading at Rs 185.8.

Meanwhile, the BSE IT index is at 42,042.5 (up 3.9%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 8.3%) and KPIT TECHNOLOGIES (up 8.2%).

Over the last one year, Aptech has moved down from Rs 254.7 to Rs 185.8, registering a loss of Rs 68.9 (down 27.1%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,042.5, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.6%), Firstsource Solutions (up 142.0%) and PERSISTENT SYSTEMS (up 82.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,404.9 (up 1.2%).

The top gainers among the BSE Sensex today are TCS (up 4.2%) and HCl Tech. (up 4.0%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,484.7 (up 1.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,404.9, registering a gain of 15,446.2 points (up 23.8%).

Aptech Financial Update...

Aptech net profit fell 37.7% YoY to Rs 51 million for the quarter ended June 2024, compared to a profit of Rs 81 million a year ago. Net sales declined 14.7% to Rs 1,047 million during the period as against Rs 1,228 million in April-June 2023.

For the year ended March 2024, Aptech reported 57.1% decrease in net profit to Rs 290 million compared to net profit of Rs 677 million during FY23. Revenue of the company fell 4.4% to Rs 4,368 million during FY24.

The current Price to earnings ratio of Aptech, based on rolling 12 month earnings, stands at 41.5.

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