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ORIENT TECHNOLOGIES LTD. Gains 8%; BSE IT Index Up 1.1%
Tue, 26 Nov 10:31

ORIENT TECHNOLOGIES LTD. Gains 8%; BSE IT Index Up 1.1%Image source: phive2015/www.istockphoto.com

ORIENT TECHNOLOGIES LTD. share price has zoomed 8% and is presently trading at Rs 425.4.

Meanwhile, the BSE IT index is at 43,604.0 (up 1.1%).

Among the top gainers in the BSE IT index today are Sonata Software (up 2.6%) and CYIENT (up 2.6%).

Oracle Financial Services (down 1.7%) and INTELLECT DESIGN (down 0.3%) are among the top losers today.

Over the last one year, ORIENT TECHNOLOGIES LTD. has moved up from Rs 0.0 to Rs 425.4, registering a gain of Rs 425.4 .

On the other hand, the BSE IT index has moved up from 33,147.7 to 43,604.0, registering a gain of 31.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 188.1%), Firstsource Solutions (up 115.9%) and PERSISTENT SYSTEMS (up 81.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,927.4 (down 0.2%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.3%) and MUNDRA PORT & SEZ (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,201.3 (down 0.1%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,927.4, registering a gain of 13,904.2 points (up 21.1%).

ORIENT TECHNOLOGIES LTD. Financial Update...

ORIENT TECHNOLOGIES LTD. net profit fell {profitpercent} YoY to Rs 151 million for the quarter ended September 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 2,231 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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