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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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 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.
Equitymaster requests your view! Post a comment on "NAZARA TECHNOLOGIES Gains 4%; BSE IT Index Up 0.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!