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Birlasoft Gains 3%; BSE IT Index Up 1.2%
Fri, 16 Aug 9:25

Birlasoft Gains 3%; BSE IT Index Up 1.2%Image source: peterschreiber.media/www.istockphoto.com

Birlasoft share price has zoomed 3% and is presently trading at Rs 577.2.

Meanwhile, the BSE IT index is at 40,930.1 (up 1.2%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 8.3%) and ZENSAR TECHNOLOGIES (up 5.0%).

Over the last one year, Birlasoft has moved up from Rs 448.5 to Rs 577.2, registering a gain of Rs 128.8 (up 28.7%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 40,930.1, registering a gain of 31.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.3%), INFIBEAM AVENUES (up 121.8%) and Firstsource Solutions (up 114.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,740.3 (up 0.8%).

The top gainers among the BSE Sensex today are M&M (up 2.6%) and Tata Motors (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,393.4 (up 1.0%). M&M and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,740.3, registering a gain of 14,338.4 points (up 21.9%).

Birlasoft Financial Update...

Birlasoft net profit grew 9.2% YoY to Rs 1,502 million for the quarter ended June 2024, compared to a profit of Rs 1,375 million a year ago. Net sales rose 5.1% to Rs 13,274 million during the period as against Rs 12,628 million in April-June 2023.

For the year ended March 2024, Birlasoft reported 88.1% increase in net profit to Rs 6,238 million compared to net profit of Rs 3,316 million during FY23. Revenue of the company grew 10.1% to Rs 52,781 million during FY24.

The current Price to earnings ratio of Birlasoft, based on rolling 12 month earnings, stands at 25.1.


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1 Responses to "Birlasoft Gains 3%; BSE IT Index Up 1.2%"

Devendra singh nayak

Aug 16, 2024

Please give near term Target on birlasoft share with duration and target

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Equitymaster requests your view! Post a comment on "Birlasoft Gains 3%; BSE IT Index Up 1.2%". Click here!