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IZMO Gains 8%; BSE IT Index Up 0.4%
Wed, 3 Jul 13:11

IZMO Gains 8%; BSE IT Index Up 0.4%Image source: peterschreiber.media/www.istockphoto.com

IZMO share price has zoomed 8% and is presently trading at Rs 382.1.

Meanwhile, the BSE IT index is at 38,197.4 (up 0.4%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 3.7%) and PERSISTENT SYSTEMS (up 2.1%).

CYIENT (down 1.5%) and ROUTE MOBILE (down 1.4%) are among the top losers today.

Over the last one year, IZMO has moved up from Rs 200.4 to Rs 382.1, registering a gain of Rs 181.7 (up 90.7%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 38,197.4, registering a gain of 28.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.4%), Birlasoft (up 101.2%) and ZENSAR TECHNOLOGIES (up 93.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,967.7 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.6%) and Axis Bank (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,267.1 (up 0.6%). Tata Consumer Products and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,967.7, registering a gain of 14,762.7 points (up 22.6%).

IZMO Financial Update...

IZMO net profit grew 9.0% YoY to Rs 90 million for the quarter ended March 2024, compared to a profit of Rs 83 million a year ago. Net sales rose 15.2% to Rs 503 million during the period as against Rs 437 million in January-March 2023.

For the year ended March 2023, IZMO reported 24.8% increase in net profit to Rs 200 million compared to net profit of Rs 160 million during FY22. Revenue of the company grew 16.2% to Rs 1,538 million during FY23.

The current Price to earnings ratio of IZMO, based on rolling 12 month earnings, stands at 20.8.

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