Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NAZARA TECHNOLOGIES Plunges 6%; BSE IT Index Down 0.8%
Thu, 19 Sep 13:31

NAZARA TECHNOLOGIES Plunges 6%; BSE IT Index Down 0.8%Image source: DNY59/www.istockphoto.com

NAZARA TECHNOLOGIES share price has plunged 6% and is presently trading at Rs 1,016.5.

Meanwhile, the BSE IT index is at 42,307.7 (down 0.8%).

Among the top losers in the BSE IT index today are INFIBEAM AVENUES (down 3.0%) and Oracle Financial Services (down 3.0%).

Firstsource Solutions (up 1.8%) and PERSISTENT SYSTEMS (up 1.3%) are among the top gainers today.

Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 832.8 to Rs 1,016.5, registering a gain of Rs 183.7 (up 22.1%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 42,307.7, registering a gain of 27.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 156.5%), Firstsource Solutions (up 84.3%) and PERSISTENT SYSTEMS (up 79.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,190.5 (up 0.3%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and Nestle (up 2.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,424.1 (up 0.2%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,190.5, registering a gain of 15,593.6 points (up 23.1%).

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 41.1% increase in net profit to Rs 895 million compared to net profit of Rs 634 million during FY23. Revenue of the company grew 4.3% to Rs 11,383 million during FY24.

The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 82.0.


Equitymaster requests your view! Post a comment on "NAZARA TECHNOLOGIES Plunges 6%; BSE IT Index Down 0.8%". Click here!