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Cigniti Technologies Gains 5%; BSE IT Index Up 0.4%
Thu, 21 Nov 11:0

Cigniti Technologies Gains 5%; BSE IT Index Up 0.4%Image source: Sefa Ozel/www.istockphoto.com

Cigniti Technologies share price has zoomed 5% and is presently trading at Rs 1,465.7.

Meanwhile, the BSE IT index is at 41,551.8 (up 0.4%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 1.8%) and ZENSAR TECHNOLOGIES (up 0.9%).

CYIENT (down 2.6%) and TANLA SOLUTIONS (down 2.0%) are among the top losers today.

Over the last one year, Cigniti Technologies has moved up from Rs 1,108.3 to Rs 1,465.7, registering a gain of Rs 357.4 (up 32.2%).

On the other hand, the BSE IT index has moved up from 33,030.5 to 41,551.8, registering a gain of 25.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.3%), Firstsource Solutions (up 102.9%) and PERSISTENT SYSTEMS (up 76.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,048.8 (down 0.7%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 3.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,048.8, registering a gain of 11,393.6 points (up 17.4%).

Cigniti Technologies Financial Update...

Cigniti Technologies net profit grew 15.4% YoY to Rs 529 million for the quarter ended September 2024, compared to a profit of Rs 459 million a year ago. Net sales rose 10.5% to Rs 4,992 million during the period as against Rs 4,518 million in July-September 2023.

For the year ended March 2024, Cigniti Technologies reported 1.6% decrease in net profit to Rs 1,656 million compared to net profit of Rs 1,683 million during FY23. Revenue of the company grew 10.2% to Rs 18,150 million during FY24.

The current Price to earnings ratio of Cigniti Technologies, based on rolling 12 month earnings, stands at 28.9.


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