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SAKSOFT Gains 5%; BSE IT Index Up 0.5%
Fri, 6 Sep 9:34

SAKSOFT Gains 5%; BSE IT Index Up 0.5%Image source: Chunumunu/www.istockphoto.com

SAKSOFT share price has zoomed 5% and is presently trading at Rs 310.0.

Meanwhile, the BSE IT index is at 43,498.8 (up 0.5%).

Among the top gainers in the BSE IT index today are ROUTE MOBILE (up 3.1%) and Sonata Software (up 2.4%).

INDIAMART INTERMESH (down 1.0%) and Infosys (down 0.3%) are among the top losers today.

Over the last one year, SAKSOFT has moved down from Rs 321.9 to Rs 310.0, registering a loss of Rs 11.9 (down 3.7%).

On the other hand, the BSE IT index has moved up from 32,403.9 to 43,498.8, registering a gain of 34.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.8%), INFIBEAM AVENUES (up 103.2%) and Firstsource Solutions (up 87.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,984.0 (down 0.3%).

The top losers among the BSE Sensex today are SBI (down 1.3%) and Ultratech Cement (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,138.0 . SBI and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,628.1 to 81,984.0, registering a gain of 16,355.8 points (up 24.9%).

SAKSOFT Financial Update...

SAKSOFT net profit grew 1.7% YoY to Rs 256 million for the quarter ended June 2024, compared to a profit of Rs 252 million a year ago. Net sales rose 9.6% to Rs 2,010 million during the period as against Rs 1,835 million in April-June 2023.

For the year ended March 2024, SAKSOFT reported 17.3% increase in net profit to Rs 962 million compared to net profit of Rs 820 million during FY23. Revenue of the company grew 14.4% to Rs 7,616 million during FY24.

The current Price to earnings ratio of SAKSOFT, based on rolling 12 month earnings, stands at 34.0.


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