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TRACXN TECHNOLOGIES Gains 14%; BSE IT Index Up 0.2%
Thu, 20 Jun 17:5

TRACXN TECHNOLOGIES share price has zoomed 14% and is presently trading at Rs 96.4.

Meanwhile, the BSE IT index is at 35,905.7 (up 0.2%).

Among the top gainers in the BSE IT index today are Sonata Software (up 7.5%) and KPIT TECHNOLOGIES (up 2.3%).

Mastek (down 1.8%) and INTELLECT DESIGN (down 1.8%) are among the top losers today.

Over the last one year, TRACXN TECHNOLOGIES has moved up from Rs 79.1 to Rs 96.4, registering a gain of Rs 17.3 (up 21.9%).

On the other hand, the BSE IT index has moved up from 29,077.0 to 35,905.7, registering a gain of 23.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 152.2%), Birlasoft (up 104.8%) and INFIBEAM AVENUES (up 99.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,478.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 1.7%) and Tata Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,579.2 (up 0.3%). Hindalco and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,478.9, registering a gain of 14,310.6 points (up 22.7%).

TRACXN TECHNOLOGIES Financial Update...

TRACXN TECHNOLOGIES net profit fell 94.2% YoY to Rs 14 million for the quarter ended March 2024, compared to a profit of Rs 245 million a year ago. Net sales declined 0.1% to Rs 203 million during the period as against Rs 203 million in January-March 2023.

For the year ended March 2023, TRACXN TECHNOLOGIES reported 782.6% increase in net profit to Rs 331 million compared to net loss of Rs 48 million during FY22. Revenue of the company grew 23.1% to Rs 781 million during FY23.

The current Price to earnings ratio of TRACXN TECHNOLOGIES, based on rolling 12 month earnings, stands at 154.4.

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