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ORIENT TECHNOLOGIES LTD. Gains 5%; BSE IT Index Up 0.3%
Tue, 5 Nov 9:31

ORIENT TECHNOLOGIES LTD. Gains 5%; BSE IT Index Up 0.3%Image source: alexsl/www.istockphoto.com

ORIENT TECHNOLOGIES LTD. share price has zoomed 5% and is presently trading at Rs 325.9.

Meanwhile, the BSE IT index is at 40,578.3 (up 0.3%).

Among the top gainers in the BSE IT index today are PERSISTENT SYSTEMS (up 1.2%) and INTELLECT DESIGN (up 1.1%).

ZENSAR TECHNOLOGIES (down 1.1%) and Firstsource Solutions (down 0.8%) are among the top losers today.

Over the last one year, ORIENT TECHNOLOGIES LTD. has moved up from Rs 0.0 to Rs 325.9, registering a gain of Rs 325.9 .

On the other hand, the BSE IT index has moved up from 30,826.5 to 40,578.3, registering a gain of 31.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.9%), Firstsource Solutions (up 128.3%) and PERSISTENT SYSTEMS (up 74.6%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 78,791.1 .

The top gainers among the BSE Sensex today are JSW Steel (up 1.9%) and Tata Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,983.7 (down 0.1%). Coal India and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,791.1, registering a gain of 15,199.8 points (up 23.9%).

ORIENT TECHNOLOGIES LTD. Financial Update...

ORIENT TECHNOLOGIES LTD. net profit fell {profitpercent} YoY to Rs 93 million for the quarter ended June 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 1,488 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2024, ORIENT TECHNOLOGIES LTD. reported 8.2% increase in net profit to Rs 414 million compared to net profit of Rs 383 million during FY23. Revenue of the company grew 12.7% to Rs 6,029 million during FY24.


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