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NAZARA TECHNOLOGIES Gains 4%; BSE IT Index Up 0.3%
Thu, 12 Sep 12:21

NAZARA TECHNOLOGIES Gains 4%; BSE IT Index Up 0.3%Image source: StarLineArts/www.istockphoto.com

NAZARA TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 1,003.6.

Meanwhile, the BSE IT index is at 43,215.2 (up 0.3%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 3.1%) and CYIENT (up 2.5%).

INFIBEAM AVENUES (down 2.8%) and Firstsource Solutions (down 0.8%) are among the top losers today.

Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 883.4 to Rs 1,003.6, registering a gain of Rs 120.3 (up 13.6%).

On the other hand, the BSE IT index has moved up from 32,896.4 to 43,215.2, registering a gain of 31.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 163.9%), Firstsource Solutions (up 85.0%) and PERSISTENT SYSTEMS (up 78.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,734.7 (up 0.3%).

The top gainers among the BSE Sensex today are Kotak Bank (up 1.4%) and NTPC (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,002.2 (up 0.3%). Shriram Transport and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,734.7, registering a gain of 14,607.6 points (up 21.8%).

NAZARA TECHNOLOGIES Financial Update...

NAZARA TECHNOLOGIES net profit grew 16.4% YoY to Rs 243 million for the quarter ended June 2024, compared to a profit of Rs 209 million a year ago. Net sales declined 1.7% to Rs 2,501 million during the period as against Rs 2,544 million in April-June 2023.

For the year ended March 2024, NAZARA TECHNOLOGIES reported 253.8% decrease in net profit to Rs -975 million compared to net profit of Rs 634 million during FY23. Revenue of the company fell 97.9% to Rs 233 million during FY24.

The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 81.0.


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