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NAZARA TECHNOLOGIES Gains 4%; BSE IT Index Up 1.1%
Tue, 2 Jul 15:49

NAZARA TECHNOLOGIES Gains 4%; BSE IT Index Up 1.1%Image source: alexsl/www.istockphoto.com

NAZARA TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 923.9.

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, NAZARA TECHNOLOGIES has moved up from Rs 696.0 to Rs 923.9, registering a gain of Rs 227.9 (up 32.7%).

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%).

NAZARA TECHNOLOGIES Financial Update...

NAZARA TECHNOLOGIES net profit grew 60.3% YoY to Rs 191 million for the quarter ended March 2024, compared to a profit of Rs 119 million a year ago. Net sales declined 8.0% to Rs 2,662 million during the period as against Rs 2,893 million in January-March 2023.

For the year ended March 2023, NAZARA TECHNOLOGIES reported 25.0% increase in net profit to Rs 634 million compared to net profit of Rs 507 million during FY22. Revenue of the company grew 75.5% to Rs 10,910 million during FY23.

The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 77.3.


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