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SARK SYSTEMS Gains 11%; BSE IT Index Down 0.7%
Thu, 28 Nov 10:19

SARK SYSTEMS Gains 11%; BSE IT Index Down 0.7%Image source: Sefa Ozel/www.istockphoto.com

SARK SYSTEMS share price has zoomed 11% and is presently trading at Rs 73.5.

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, SARK SYSTEMS has moved up from Rs 57.1 to Rs 73.5, registering a gain of Rs 16.4 (up 28.7%).

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%).

SARK SYSTEMS Financial Update...

SARK SYSTEMS net profit fell 12.4% YoY to Rs 27 million for the quarter ended September 2024, compared to a profit of Rs 31 million a year ago. Net sales declined 19.6% to Rs 250 million during the period as against Rs 311 million in July-September 2023.

For the year ended March 2024, SARK SYSTEMS reported 4.1% increase in net profit to Rs 79 million compared to net profit of Rs 76 million during FY23. Revenue of the company grew 13.0% to Rs 961 million during FY24.

The current Price to earnings ratio of SARK SYSTEMS, based on rolling 12 month earnings, stands at 20.9.

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