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KERNEX MICROSYS Gains 5%; BSE IT Index Up 1.1%
Tue, 2 Jul 15:50

KERNEX MICROSYS Gains 5%; BSE IT Index Up 1.1%Image source: Ivcandy/www.istockphoto.com

KERNEX MICROSYS share price has zoomed 5% and is presently trading at Rs 422.7.

Meanwhile, the BSE IT index is at 38,041.4 (up 1.1%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 5.8%) and Coforge (up 3.0%).

Mastek (down 1.7%) and ROUTE MOBILE (down 1.2%) are among the top losers today.

Over the last one year, KERNEX MICROSYS has moved up from Rs 351.4 to Rs 422.7, registering a gain of Rs 71.3 (up 20.3%).

On the other hand, the BSE IT index has moved up from 29,192.0 to 38,041.4, registering a gain of 30.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 166.6%), Birlasoft (up 102.4%) and ZENSAR TECHNOLOGIES (up 96.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,441.5 .

The top losers among the BSE Sensex today are Kotak Bank (down 2.4%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,117.8 (down 0.1%). Shriram Transport and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,441.5, registering a gain of 15,526.0 points (up 24.3%).

KERNEX MICROSYS Financial Update...

KERNEX MICROSYS net profit fell 133.5% YoY to Rs -86 million for the quarter ended December 2023, compared to a loss of Rs 37 million a year ago. Net sales rose 294.6% to Rs 83 million during the period as against Rs 21 million in October-December 2022.

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 -31.6.

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