SANCODE TECHNOLOGIES share price has plunged 10% and is presently trading at Rs 67.2.
Meanwhile, the BSE IT index is at 42,689.7 (up 0.8%).
Among the top losers in the BSE IT index today are INTELLECT DESIGN (down 2.0%) and LTIMINDTREE (down 0.7%).
Tech Mahindra (up 3.3%) and INFIBEAM AVENUES (up 1.6%) are among the top gainers today.
Over the last one year, SANCODE TECHNOLOGIES has moved down from Rs 97.0 to Rs 67.2, registering a loss of Rs 29.8 (down 30.7%).
On the other hand, the BSE IT index has moved up from 32,745.6 to 42,689.7, registering a gain of 30.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.4%), Firstsource Solutions (up 90.8%) and PERSISTENT SYSTEMS (up 87.4%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 84,555.0 (up 0.3%).
The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,555.0, registering a gain of 18,436.3 points (up 27.9%).
SANCODE TECHNOLOGIES net profit fell {profitpercent} YoY to Rs 0 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 25 million during the period as against Rs {salesnumberprev} million in {quarterprev}.
For the year ended March 2023, SANCODE TECHNOLOGIES reported 52.4% decrease in net profit to Rs 5 million compared to net profit of Rs 10 million during FY22. Revenue of the company fell 36.3% to Rs 16 million during FY23.
The current Price to earnings ratio of SANCODE TECHNOLOGIES, based on rolling 12 month earnings, stands at -15.7.
Equitymaster requests your view! Post a comment on "SANCODE TECHNOLOGIES Plunges 10%; BSE IT Index Up 0.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!