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EMUDHRA Plunges 7%; BSE IT Index Up 0.0%
Tue, 13 Aug 13:2

EMUDHRA Plunges 7%; BSE IT Index Up 0.0%Image source: Ivcandy/www.istockphoto.com

EMUDHRA share price has plunged 7% and is presently trading at Rs 745.9.

Meanwhile, the BSE IT index is at 40,009.5 .

Among the top losers in the BSE IT index today are Mastek (down 2.9%) and HAPPIEST MINDS TECHNOLOGIES (down 2.6%).

INTELLECT DESIGN (up 1.1%) and PERSISTENT SYSTEMS (up 1.0%) are among the top gainers today.

Over the last one year, EMUDHRA has moved up from Rs 442.8 to Rs 745.9, registering a gain of Rs 303.2 (up 68.5%).

On the other hand, the BSE IT index has moved up from 31,210.0 to 40,009.5, registering a gain of 28.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.3%), INFIBEAM AVENUES (up 121.5%) and PERSISTENT SYSTEMS (up 94.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,314.2 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).

EMUDHRA Financial Update...

EMUDHRA net profit grew 11.1% YoY to Rs 182 million for the quarter ended June 2024, compared to a profit of Rs 164 million a year ago. Net sales rose 15.9% to Rs 924 million during the period as against Rs 797 million in April-June 2023.

For the year ended March 2024, EMUDHRA reported 24.8% increase in net profit to Rs 764 million compared to net profit of Rs 612 million during FY23. Revenue of the company grew 50.0% to Rs 3,731 million during FY24.

The current Price to earnings ratio of EMUDHRA, based on rolling 12 month earnings, stands at 79.0.

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