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Ramco Systems Gains 5%; BSE IT Index Down 0.7%
Thu, 28 Nov 10:19

Ramco Systems Gains 5%; BSE IT Index Down 0.7%Image source: Sefa Ozel/www.istockphoto.com

Ramco Systems share price has zoomed 5% and is presently trading at Rs 433.0.

Meanwhile, the BSE IT index is at 43,320.8 (down 0.7%).

Among the top gainers in the BSE IT index today are TANLA SOLUTIONS (up 1.9%) and INTELLECT DESIGN (up 1.0%).

L&T TECHNOLOGY SERVICES (down 1.7%) and Mphasis (down 1.4%) are among the top losers today.

Over the last one year, Ramco Systems has moved up from Rs 276.5 to Rs 433.0, registering a gain of Rs 156.5 (up 56.6%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 43,320.8, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 192.8%), Firstsource Solutions (up 114.7%) and PERSISTENT SYSTEMS (up 85.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,421.8 (up 0.2%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are Axis Bank and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 24,327.8 (up 0.2%). Adani Enterprises and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,421.8, registering a gain of 14,247.6 points (up 21.5%).

Ramco Systems Financial Update...

Ramco Systems net profit grew 93.4% YoY to Rs -96 million for the quarter ended September 2024, compared to a loss of Rs 1,458 million a year ago. Net sales rose 12.4% to Rs 1,425 million during the period as against Rs 1,268 million in July-September 2023.

For the year ended March 2024, Ramco Systems reported 16.8% decrease in net profit to Rs -2,417 million compared to net loss of Rs 2,069 million during FY23. Revenue of the company grew 6.8% to Rs 5,258 million during FY24.

The current Price to earnings ratio of Ramco Systems, based on rolling 12 month earnings, stands at -20.5.


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