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EMUDHRA Gains 7%; BSE IT Index Down 0.1%
Tue, 25 Jun 9:46

EMUDHRA Gains 7%; BSE IT Index Down 0.1%Image source: hudiemm/www.istockphoto.com

EMUDHRA share price has zoomed 7% and is presently trading at Rs 899.0.

Meanwhile, the BSE IT index is at 36,106.7 (down 0.1%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 2.8%) and Birlasoft (up 1.3%).

HAPPIEST MINDS TECHNOLOGIES (down 7.5%) and ROUTE MOBILE (down 2.7%) are among the top losers today.

Over the last one year, EMUDHRA has moved up from Rs 409.1 to Rs 899.0, registering a gain of Rs 489.9 (up 119.8%).

On the other hand, the BSE IT index has moved up from 29,410.8 to 36,106.7, registering a gain of 22.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 150.6%), INFIBEAM AVENUES (up 104.2%) and Birlasoft (up 102.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,490.6 (up 0.2%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.4%) and HDFC Bank (up 0.8%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,600.3 (up 0.3%). Hindalco and Ultratech Cement are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,490.6, registering a gain of 13,967.5 points (up 22.0%).

EMUDHRA Financial Update...

EMUDHRA net profit grew 34.2% YoY to Rs 212 million for the quarter ended March 2024, compared to a profit of Rs 158 million a year ago. Net sales rose 29.8% to Rs 997 million during the period as against Rs 768 million in January-March 2023.

For the year ended March 2024, EMUDHRA reported 24.8% increase in net profit to Rs 764 million compared to net profit of Rs 612 million during FY23. Revenue of the company grew 50.0% to Rs 3,731 million during FY24.

The current Price to earnings ratio of EMUDHRA, based on rolling 12 month earnings, stands at 97.5.

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