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SARK SYSTEMS Gains 7%; BSE IT Index Down 0.7%
Mon, 4 Nov 13:14

SARK SYSTEMS Gains 7%; BSE IT Index Down 0.7%Image source: StarLineArts/www.istockphoto.com

SARK SYSTEMS share price has zoomed 7% and is presently trading at Rs 74.7.

Meanwhile, the BSE IT index is at 40,321.7 (down 0.7%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 2.5%) and ZENSAR TECHNOLOGIES (up 1.8%).

INDIAMART INTERMESH (down 3.6%) and Birlasoft (down 2.9%) are among the top losers today.

Over the last one year, SARK SYSTEMS has moved up from Rs 48.8 to Rs 74.7, registering a gain of Rs 25.9 (up 53.1%).

On the other hand, the BSE IT index has moved up from 31,060.5 to 40,321.7, registering a gain of 29.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 181.1%), Firstsource Solutions (up 124.5%) and PERSISTENT SYSTEMS (up 76.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,479.9 (down 1.7%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 4.0%) and MUNDRA PORT & SEZ (down 3.8%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,897.6 (down 1.7%). Hero Motocorp and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,479.9, registering a gain of 14,604.9 points (up 22.9%).

SARK SYSTEMS Financial Update...

SARK SYSTEMS net profit grew 38.1% YoY to Rs 20 million for the quarter ended June 2024, compared to a profit of Rs 15 million a year ago. Net sales rose 33.0% to Rs 223 million during the period as against Rs 168 million in April-June 2023.

For the year ended March 2023, SARK SYSTEMS reported 4.5% decrease in net profit to Rs 79 million compared to net profit of Rs 83 million during FY22. Revenue of the company fell 11.6% to Rs 844 million during FY23.

The current Price to earnings ratio of SARK SYSTEMS, based on rolling 12 month earnings, stands at 20.3.

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