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EMUDHRA Gains 8%; BSE IT Index Up 1.2%
Wed, 9 Oct 12:23

EMUDHRA Gains 8%; BSE IT Index Up 1.2%Image source: Sefa Ozel/www.istockphoto.com

EMUDHRA share price has zoomed 8% and is presently trading at Rs 954.2.

Meanwhile, the BSE IT index is at 43,228.2 (up 1.2%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.1%) and Birlasoft (up 3.1%).

Eclerx Services (down 0.7%) and Firstsource Solutions (down 0.3%) are among the top losers today.

Over the last one year, EMUDHRA has moved up from Rs 464.4 to Rs 954.2, registering a gain of Rs 489.9 (up 105.5%).

On the other hand, the BSE IT index has moved up from 32,584.2 to 43,228.2, 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 185.1%), Firstsource Solutions (up 96.7%) and PERSISTENT SYSTEMS (up 92.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,897.1 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.5%) and Bajaj Finance (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 81,897.1, registering a gain of 16,384.7 points (up 25.0%).

EMUDHRA Financial Update...

EMUDHRA net profit grew 11.1% YoY to Rs 182 million for the quarter ended June 2024, compared to a profit of Rs 164 million a year ago. Net sales rose 15.9% to Rs 924 million during the period as against Rs 797 million in April-June 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 101.1.

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