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PROTEAN EGOV TECH Gains 5%; BSE IT Index Up 0.6%
Tue, 8 Oct 16:59

PROTEAN EGOV TECH Gains 5%; BSE IT Index Up 0.6%Image source: Eoneren/www.istockphoto.com

PROTEAN EGOV TECH share price has zoomed 5% and is presently trading at Rs 1,887.8.

Meanwhile, the BSE IT index is at 42,733.0 (up 0.6%).

Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 7.1%) and Firstsource Solutions (up 5.9%).

Sonata Software (down 1.5%) and Wipro (down 0.9%) are among the top losers today.

Over the last one year, PROTEAN EGOV TECH has moved up from Rs 0.0 to Rs 1,887.8, registering a gain of Rs 1,887.8 .

On the other hand, the BSE IT index has moved up from 32,100.0 to 42,733.0, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 179.0%), Firstsource Solutions (up 96.3%) and PERSISTENT SYSTEMS (up 87.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,634.8 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.8%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,013.2 . TATA STEEL 2% CCPS and Dr Reddy NCD1 are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,634.8, registering a gain of 16,408.8 points (up 25.2%).

PROTEAN EGOV TECH Financial Update...

PROTEAN EGOV TECH net profit fell {profitpercent} YoY to Rs 211 million for the quarter ended June 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 1,965 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2024, PROTEAN EGOV TECH reported 9.1% decrease in net profit to Rs 973 million compared to net profit of Rs 1,070 million during FY23. Revenue of the company grew 18.8% to Rs 8,820 million during FY24.

The current Price to earnings ratio of PROTEAN EGOV TECH, based on rolling 12 month earnings, stands at 86.6.


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