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NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 0.1%
Mon, 8 Jul 9:59

NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 0.1%Image source: phive2015/www.istockphoto.com

NAZARA TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 968.1.

Meanwhile, the BSE IT index is at 38,507.3 (up 0.1%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 7.7%) and Coforge (up 0.8%).

Mastek (down 1.2%) and PERSISTENT SYSTEMS (down 1.1%) are among the top losers today.

Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 708.7 to Rs 968.1, registering a gain of Rs 259.4 (up 36.6%).

On the other hand, the BSE IT index has moved up from 29,996.1 to 38,507.3, registering a gain of 28.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.4%), Birlasoft (up 102.0%) and Firstsource Solutions (up 96.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,855.2 (down 0.2%).

The top losers among the BSE Sensex today are Titan (down 4.1%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,276.6 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,855.2, registering a gain of 14,376.1 points (up 22.0%).

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 81.0.


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