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NAZARA TECHNOLOGIES Gains 6%; BSE IT Index Down 1.2%
Fri, 2 Aug 10:43

NAZARA TECHNOLOGIES Gains 6%; BSE IT Index Down 1.2%Image source: Eoneren/www.istockphoto.com

NAZARA TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 974.0.

Meanwhile, the BSE IT index is at 41,000.2 (down 1.2%).

Among the top gainers in the BSE IT index today is KPIT TECHNOLOGIES (up 0.9%).

Birlasoft (down 3.0%) and Coforge (down 2.4%) are among the top losers today.

Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 693.4 to Rs 974.0, registering a gain of Rs 280.7 (up 40.5%).

On the other hand, the BSE IT index has moved up from 30,276.6 to 41,000.2, registering a gain of 35.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.1%), Firstsource Solutions (up 107.0%) and INFIBEAM AVENUES (up 100.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,073.0 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,073.0, registering a gain of 14,545.3 points (up 21.9%).

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 81.5.


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