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Take Solutions Gains 8%; BSE IT Index Up 0.8%
Tue, 1 Oct 13:25

Take Solutions Gains 8%; BSE IT Index Up 0.8%Image source: asbe/www.istockphoto.com

Take Solutions share price has zoomed 8% and is presently trading at Rs 22.4.

Meanwhile, the BSE IT index is at 42,721.4 (up 0.8%).

Among the top gainers in the BSE IT index today are INFIBEAM AVENUES (up 4.7%) and Tech Mahindra (up 3.0%).

INTELLECT DESIGN (down 3.4%) and ZENSAR TECHNOLOGIES (down 1.4%) are among the top losers today.

Over the last one year, Take Solutions has moved up from Rs 21.9 to Rs 22.4, registering a gain of Rs 0.4 (up 2.0%).

On the other hand, the BSE IT index has moved up from 32,745.6 to 42,721.4, registering a gain of 30.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.7%), Firstsource Solutions (up 88.9%) and PERSISTENT SYSTEMS (up 87.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,255.8 (down 0.1%).

The top losers among the BSE Sensex today are Indusind Bank (down 2.1%) and Asian Paints (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,771.1 (down 0.2%). Indusind Bank and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,255.8, registering a gain of 18,137.1 points (up 27.4%).

Take Solutions Financial Update...

Take Solutions net profit fell 1720.2% YoY to Rs -1,106 million for the quarter ended March 2024, compared to a loss of Rs 61 million a year ago. Net sales declined 64.8% to Rs 132 million during the period as against Rs 375 million in January-March 2023.

For the year ended March 2024, Take Solutions reported 154.8% decrease in net profit to Rs -1,196 million compared to net loss of Rs 470 million during FY23. Revenue of the company fell 65.3% to Rs 656 million during FY24.

The current Price to earnings ratio of Take Solutions, based on rolling 12 month earnings, stands at -2.8.

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