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Bartronics India Gains 7%; BSE IT Index Up 1.2%
Wed, 9 Oct 12:25

Bartronics India Gains 7%; BSE IT Index Up 1.2%Image source: DNY59/www.istockphoto.com

Bartronics India share price has zoomed 7% and is presently trading at Rs 23.8.

Meanwhile, the BSE IT index is at 43,226.4 (up 1.2%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 3.9%) and TANLA SOLUTIONS (up 3.0%).

Eclerx Services (down 0.7%) and Firstsource Solutions (down 0.6%) are among the top losers today.

Over the last one year, Bartronics India has moved up from Rs 12.1 to Rs 23.8, registering a gain of Rs 11.7 (up 96.8%).

On the other hand, the BSE IT index has moved up from 32,584.2 to 43,226.4, registering a gain of 32.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.4%), Firstsource Solutions (up 96.1%) and PERSISTENT SYSTEMS (up 91.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,889.5 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.3%) and Bharti Airtel (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,110.4 (up 0.4%). Shriram Transport and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,889.5, registering a gain of 16,377.1 points (up 25.0%).

Bartronics India Financial Update...

Bartronics India net profit grew 95.0% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 5 million a year ago. Net sales rose 12.4% to Rs 136 million during the period as against Rs 121 million in April-June 2023.

For the year ended March 2024, Bartronics India reported 99.7% decrease in net profit to Rs 14 million compared to net profit of Rs 4,124 million during FY23. Revenue of the company fell 6.5% to Rs 488 million during FY24.

The current Price to earnings ratio of Bartronics India, based on rolling 12 month earnings, stands at 398.8.


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