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Sasken Technologies Gains 5%; BSE IT Index Down 0.4%
Thu, 27 Jun 9:26

Sasken Technologies Gains 5%; BSE IT Index Down 0.4%Image source: ipopba/www.istockphoto.com

Sasken Technologies share price has zoomed 5% and is presently trading at Rs 1,694.0.

Meanwhile, the BSE IT index is at 36,183.9 (down 0.4%).

Among the top gainers in the BSE IT index today are Mastek (up 0.7%) and TANLA SOLUTIONS (up 0.5%).

Tata Elxsi (down 1.1%) and HCl Tech. (down 0.8%) are among the top losers today.

Over the last one year, Sasken Technologies has moved up from Rs 876.3 to Rs 1,694.0, registering a gain of Rs 817.7 (up 93.3%).

On the other hand, the BSE IT index has moved up from 28,891.5 to 36,183.9, registering a gain of 25.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 147.5%), Birlasoft (up 102.0%) and ZENSAR TECHNOLOGIES (up 97.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,578.4 (down 0.1%).

The top losers among the BSE Sensex today are HCl Tech. (down 0.8%) and TCS (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,850.1 (down 0.1%). Tech Mahindra and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,578.4, registering a gain of 15,608.4 points (up 24.8%).

Sasken Technologies Financial Update...

Sasken Technologies net profit grew 0.9% YoY to Rs 172 million for the quarter ended March 2024, compared to a profit of Rs 171 million a year ago. Net sales rose 5.9% to Rs 1,090 million during the period as against Rs 1,029 million in January-March 2023.

For the year ended March 2023, Sasken Technologies reported 22.4% decrease in net profit to Rs 995 million compared to net profit of Rs 1,282 million during FY22. Revenue of the company grew 3.0% to Rs 4,470 million during FY23.

The current Price to earnings ratio of Sasken Technologies, based on rolling 12 month earnings, stands at 32.4.


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