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LGS GLOBAL Gains 5%; BSE IT Index Down 0.5%
Mon, 12 Aug 10:8

LGS GLOBAL Gains 5%; BSE IT Index Down 0.5%Image source: Sefa Ozel/www.istockphoto.com

LGS GLOBAL share price has zoomed 5% and is presently trading at Rs 7.3.

Meanwhile, the BSE IT index is at 39,647.7 (down 0.5%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 0.9%) and KPIT TECHNOLOGIES (up 0.3%).

INFIBEAM AVENUES (down 2.9%) and ROUTE MOBILE (down 2.6%) are among the top losers today.

Over the last one year, LGS GLOBAL has moved up from Rs 0.0 to Rs 7.3, registering a gain of Rs 7.3 .

On the other hand, the BSE IT index has moved up from 31,105.6 to 39,647.7, registering a gain of 27.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 166.1%), INFIBEAM AVENUES (up 117.1%) and PERSISTENT SYSTEMS (up 92.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,278.0 (down 0.5%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.5%) and NTPC (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 24,242.4 (down 0.5%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,278.0, registering a gain of 13,431.5 points (up 20.4%).

LGS GLOBAL Financial Update...

LGS GLOBAL net profit fell 99.8% YoY to Rs 6 million for the quarter ended September 2023, compared to a profit of Rs 3,207 million a year ago. Net sales declined 93.3% to Rs 1,121 million during the period as against Rs 16,831 million in July-September 2022.

For the year ended March 2022, LGS GLOBAL reported 88.9% increase in net profit to Rs 9,122 million compared to net profit of Rs 4,830 million during FY21. Revenue of the company grew 75.8% to Rs 50,196 million during FY22.

The current Price to earnings ratio of LGS GLOBAL, based on rolling 12 month earnings, stands at 1.3.

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