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PROTEAN EGOV TECH Plunges 5%; BSE IT Index Up 0.6%
Mon, 2 Sep 13:6

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

PROTEAN EGOV TECH share price has plunged 5% and is presently trading at Rs 2,079.1.

Meanwhile, the BSE IT index is at 43,733.9 (up 0.6%).

Among the top losers in the BSE IT index today are Tata Elxsi (down 2.5%) and KPIT TECHNOLOGIES (down 2.1%).

Firstsource Solutions (up 4.2%) and HCl Tech. (up 3.0%) are among the top gainers today.

Over the last one year, PROTEAN EGOV TECH has moved up from Rs 0.0 to Rs 2,079.1, registering a gain of Rs 2,079.1 .

On the other hand, the BSE IT index has moved up from 31,246.5 to 43,733.9, registering a gain of 40.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.7%), INFIBEAM AVENUES (up 105.8%) and PERSISTENT SYSTEMS (up 105.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,455.4 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.5 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,455.4, registering a gain of 17,379.6 points (up 26.7%).

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 2023, PROTEAN EGOV TECH reported 25.6% decrease in net profit to Rs 1,070 million compared to net profit of Rs 1,439 million during FY22. Revenue of the company grew 7.4% to Rs 7,422 million during FY23.

The current Price to earnings ratio of PROTEAN EGOV TECH, based on rolling 12 month earnings, stands at 95.2.


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