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KERNEX MICROSYS Plunges 4%; BSE IT Index Up 1.6%
Thu, 27 Jun 16:7

KERNEX MICROSYS Plunges 4%; BSE IT Index Up 1.6%Image source: peterschreiber.media/www.istockphoto.com

KERNEX MICROSYS share price has plunged 4% and is presently trading at Rs 404.1.

Meanwhile, the BSE IT index is at 36,904.7 (up 1.6%).

Among the top losers in the BSE IT index today are INTELLECT DESIGN (down 2.6%) and INFIBEAM AVENUES (down 2.1%).

ROUTE MOBILE (up 12.7%) and Oracle Financial Services (up 4.0%) are among the top gainers today.

Over the last one year, KERNEX MICROSYS has moved up from Rs 346.2 to Rs 404.1, registering a gain of Rs 57.9 (up 16.7%).

On the other hand, the BSE IT index has moved up from 28,891.5 to 36,904.7, registering a gain of 27.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 157.7%), Birlasoft (up 101.9%) and ZENSAR TECHNOLOGIES (up 94.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).

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 -30.2.


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