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Birlasoft Gains 5%; BSE IT Index Up 0.5%
Mon, 19 Aug 10:24

Birlasoft Gains 5%; BSE IT Index Up 0.5%Image source: Sakorn BernardaSv/www.istockphoto.com

Birlasoft share price has zoomed 5% and is presently trading at Rs 628.3.

Meanwhile, the BSE IT index is at 41,752.4 (up 0.5%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 3.9%) and Eclerx Services (up 3.8%).

KPIT TECHNOLOGIES (down 0.3%) and Coforge (down 0.1%) are among the top losers today.

Over the last one year, Birlasoft has moved up from Rs 448.5 to Rs 628.3, registering a gain of Rs 179.9 (up 40.1%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 41,752.4, registering a gain of 33.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.3%), INFIBEAM AVENUES (up 124.1%) and Firstsource Solutions (up 118.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,488.4 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 1.8%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,574.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,488.4, registering a gain of 15,086.5 points (up 23.1%).

Birlasoft Financial Update...

Birlasoft net profit grew 9.2% YoY to Rs 1,502 million for the quarter ended June 2024, compared to a profit of Rs 1,375 million a year ago. Net sales rose 5.1% to Rs 13,274 million during the period as against Rs 12,628 million in April-June 2023.

For the year ended March 2024, Birlasoft reported 88.1% increase in net profit to Rs 6,238 million compared to net profit of Rs 3,316 million during FY23. Revenue of the company grew 10.1% to Rs 52,781 million during FY24.

The current Price to earnings ratio of Birlasoft, based on rolling 12 month earnings, stands at 27.3.

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