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KERNEX MICROSYS Gains 5%; BSE IT Index Down 0.6%
Fri, 23 Aug 11:10

KERNEX MICROSYS Gains 5%; BSE IT Index Down 0.6%Image source: hudiemm/www.istockphoto.com

KERNEX MICROSYS share price has zoomed 5% and is presently trading at Rs 960.5.

Meanwhile, the BSE IT index is at 41,947.5 (down 0.6%).

Among the top gainers in the BSE IT index today are Mastek (up 2.0%) and ROUTE MOBILE (up 1.1%).

Firstsource Solutions (down 2.6%) and Mphasis (down 1.7%) are among the top losers today.

Over the last one year, KERNEX MICROSYS has moved up from Rs 401.3 to Rs 960.5, registering a gain of Rs 559.3 (up 139.4%).

On the other hand, the BSE IT index has moved up from 31,180.8 to 41,947.5, registering a gain of 34.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.3%), INFIBEAM AVENUES (up 130.0%) and Firstsource Solutions (up 99.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,123.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,847.2 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,123.0, registering a gain of 15,906.9 points (up 24.4%).

KERNEX MICROSYS Financial Update...

KERNEX MICROSYS net profit grew 480.0% YoY to Rs 36 million for the quarter ended June 2024, compared to a loss of Rs 9 million a year ago. Net sales rose 2877.9% to Rs 287 million during the period as against Rs 10 million in April-June 2023.

For the year ended March 2023, KERNEX MICROSYS reported 16.3% decrease in net profit to Rs -200 million compared to net loss of Rs 172 million during FY22. Revenue of the company fell 39.3% to Rs 40 million during FY23.

The current Price to earnings ratio of KERNEX MICROSYS, based on rolling 12 month earnings, stands at -72.5.

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