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LATENT VIEW ANALYTICS Plunges 4%; BSE IT Index Up 0.3%
Mon, 29 Jul 9:57

LATENT VIEW ANALYTICS Plunges 4%; BSE IT Index Up 0.3%Image source: Nikada/www.istockphoto.com

LATENT VIEW ANALYTICS share price has plunged 4% and is presently trading at Rs 524.0.

Meanwhile, the BSE IT index is at 41,950.5 (up 0.3%).

Among the top losers in the BSE IT index today are Mphasis (down 2.1%) and CYIENT (down 1.6%).

KPIT TECHNOLOGIES (up 2.3%) and Oracle Financial Services (up 1.5%) are among the top gainers today.

Over the last one year, LATENT VIEW ANALYTICS has moved up from Rs 374.9 to Rs 524.0, registering a gain of Rs 149.1 (up 39.8%).

On the other hand, the BSE IT index has moved up from 30,040.4 to 41,950.5, registering a gain of 39.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 192.7%), INFIBEAM AVENUES (up 111.5%) and PERSISTENT SYSTEMS (up 104.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,716.4 (up 0.5%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.3%) and Indusind Bank (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,900.9 (up 0.3%). BPCL and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,716.4, registering a gain of 15,360.7 points (up 23.1%).

LATENT VIEW ANALYTICS Financial Update...

LATENT VIEW ANALYTICS net profit grew 18.5% YoY to Rs 389 million for the quarter ended June 2024, compared to a profit of Rs 329 million a year ago. Net sales rose 21.1% to Rs 1,789 million during the period as against Rs 1,477 million in April-June 2023.

For the year ended March 2023, LATENT VIEW ANALYTICS reported 20.0% increase in net profit to Rs 1,554 million compared to net profit of Rs 1,295 million during FY22. Revenue of the company grew 32.1% to Rs 5,388 million during FY23.

The current Price to earnings ratio of LATENT VIEW ANALYTICS, based on rolling 12 month earnings, stands at 65.5.


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