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Vakrangee Gains 4%; BSE IT Index Down 1.5%
Wed, 18 Sep 9:24

Vakrangee Gains 4%; BSE IT Index Down 1.5%Image source: Ivcandy/www.istockphoto.com

Vakrangee share price has zoomed 4% and is presently trading at Rs 21.7.

Meanwhile, the BSE IT index is at 43,314.2 (down 1.5%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 0.4%) and Eclerx Services (up 0.2%).

Mphasis (down 3.9%) and Oracle Financial Services (down 2.1%) are among the top losers today.

Over the last one year, Vakrangee has moved up from Rs 17.3 to Rs 21.7, registering a gain of Rs 4.4 (up 25.3%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 43,314.2, registering a gain of 30.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 182.5%), Firstsource Solutions (up 84.5%) and PERSISTENT SYSTEMS (up 80.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,984.3 (down 0.1%).

The top losers among the BSE Sensex today are Tech Mahindra (down 1.9%) and Infosys (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and NTPC.

In the meantime, NSE Nifty is at 25,394.2 (down 0.1%). Wipro and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 82,984.3, registering a gain of 15,387.5 points (up 22.8%).

Vakrangee Financial Update...

Vakrangee net profit grew 353.1% YoY to Rs 22 million for the quarter ended June 2024, compared to a profit of Rs 5 million a year ago. Net sales rose 5.6% to Rs 587 million during the period as against Rs 556 million in April-June 2023.

For the year ended March 2024, Vakrangee reported 333.2% increase in net profit to Rs 44 million compared to net profit of Rs 10 million during FY23. Revenue of the company grew 7.7% to Rs 2,126 million during FY24.

The current Price to earnings ratio of Vakrangee, based on rolling 12 month earnings, stands at 384.4.

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