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R SYSTEM INTL Gains 8%; BSE IT Index Up 0.6%
Fri, 4 Oct 10:16

R SYSTEM INTL Gains 8%; BSE IT Index Up 0.6%Image source: asbe/www.istockphoto.com

R SYSTEM INTL share price has zoomed 8% and is presently trading at Rs 505.2.

Meanwhile, the BSE IT index is at 42,423.9 (up 0.6%).

Among the top gainers in the BSE IT index today are Coforge (up 1.8%) and PERSISTENT SYSTEMS (up 1.6%).

INFIBEAM AVENUES (down 1.1%) and Eclerx Services (down 0.7%) are among the top losers today.

Over the last one year, R SYSTEM INTL has moved down from Rs 505.5 to Rs 505.2, registering a loss of Rs 0.3 (down 0.1%).

On the other hand, the BSE IT index has moved up from 31,998.7 to 42,423.9, registering a gain of 32.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.7%), Firstsource Solutions (up 87.2%) and PERSISTENT SYSTEMS (up 85.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,442.4 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.5%) and NTPC (down 1.1%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,213.7 (down 0.1%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,442.4, registering a gain of 16,930.3 points (up 25.8%).

R SYSTEM INTL Financial Update...

R SYSTEM INTL net profit grew 72.5% YoY to Rs 249 million for the quarter ended June 2024, compared to a profit of Rs 144 million a year ago. Net sales rose 6.2% to Rs 4,320 million during the period as against Rs 4,068 million in April-June 2023.

For the year ended December 2023, R SYSTEM INTL reported 0.3% increase in net profit to Rs 1,401 million compared to net profit of Rs 1,397 million during FY22. Revenue of the company grew 11.1% to Rs 16,845 million during FY23.

The current Price to earnings ratio of R SYSTEM INTL, based on rolling 12 month earnings, stands at 41.9.


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