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TRIGYN TECHNOLOGIES Gains 6%; BSE IT Index Up 0.1%
Tue, 25 Jun 11:32

TRIGYN TECHNOLOGIES Gains 6%; BSE IT Index Up 0.1%Image source: asbe/www.istockphoto.com

TRIGYN TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 139.8.

Meanwhile, the BSE IT index is at 36,203.4 (up 0.1%).

Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 1.5%) and Birlasoft (up 1.2%).

HAPPIEST MINDS TECHNOLOGIES (down 8.4%) and ROUTE MOBILE (down 2.3%) are among the top losers today.

Over the last one year, TRIGYN TECHNOLOGIES has moved up from Rs 108.2 to Rs 139.8, registering a gain of Rs 31.6 (up 29.2%).

On the other hand, the BSE IT index has moved up from 29,410.8 to 36,203.4, registering a gain of 23.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 149.5%), INFIBEAM AVENUES (up 103.9%) and Birlasoft (up 102.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,545.2 (up 0.3%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.6%) and Axis Bank (up 1.5%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,573.3 (up 0.2%). Axis Bank and Ultratech Cement are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,545.2, registering a gain of 14,022.0 points (up 22.1%).

TRIGYN TECHNOLOGIES Financial Update...

TRIGYN TECHNOLOGIES net profit grew 632.0% YoY to Rs 190 million for the quarter ended March 2024, compared to a profit of Rs 26 million a year ago. Net sales rose 3.1% to Rs 3,341 million during the period as against Rs 3,240 million in January-March 2023.

For the year ended March 2023, TRIGYN TECHNOLOGIES reported 11.2% decrease in net profit to Rs 347 million compared to net profit of Rs 391 million during FY22. Revenue of the company grew 22.3% to Rs 12,727 million during FY23.

The current Price to earnings ratio of TRIGYN TECHNOLOGIES, based on rolling 12 month earnings, stands at 21.6.


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