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PARLE SOFTWARE Gains 10%; BSE IT Index Up 0.6%
Mon, 19 Aug 12:33

PARLE SOFTWARE Gains 10%; BSE IT Index Up 0.6%Image source: asbe/www.istockphoto.com

PARLE SOFTWARE share price has zoomed 10% and is presently trading at Rs 12.2.

Meanwhile, the BSE IT index is at 41,784.4 (up 0.6%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 6.7%) and Eclerx Services (up 6.6%).

ZENSAR TECHNOLOGIES (down 1.2%) and Coforge (down 0.2%) are among the top losers today.

Over the last one year, PARLE SOFTWARE has moved up from Rs 7.0 to Rs 12.2, registering a gain of Rs 5.3 (up 75.2%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 41,784.4, registering a gain of 33.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.8%), Firstsource Solutions (up 123.9%) and INFIBEAM AVENUES (up 121.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,432.0 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Bharti Airtel (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,556.6 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,432.0, registering a gain of 15,030.1 points (up 23.0%).

PARLE SOFTWARE Financial Update...

PARLE SOFTWARE net profit grew 301.5% YoY to Rs 1 million for the quarter ended June 2024, compared to a loss of Rs 1 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 0 million in April-June 2023.

For the year ended March 2023, PARLE SOFTWARE reported 96.5% increase in net profit to Rs 0 million compared to net profit of Rs 0 million during FY22. Revenue of the company grew 100.0% to Rs 1 million during FY23.

The current Price to earnings ratio of PARLE SOFTWARE, based on rolling 12 month earnings, stands at 70.2.

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