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NAZARA TECHNOLOGIES Gains 6%; BSE IT Index Up 0.0%
Tue, 11 Jun 16:30

NAZARA TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 850.1.

Meanwhile, the BSE IT index is at 35,372.2 .

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 1.6%) and L&T TECHNOLOGY SERVICES (up 1.6%).

HAPPIEST MINDS TECHNOLOGIES (down 1.8%) and Sonata Software (down 1.7%) are among the top losers today.

Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 627.1 to Rs 850.1, registering a gain of Rs 223.0 (up 35.6%).

On the other hand, the BSE IT index has moved up from 29,104.6 to 35,372.2, registering a gain of 21.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 134.0%), INFIBEAM AVENUES (up 100.0%) and Birlasoft (up 97.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,456.6 .

The top losers among the BSE Sensex today are Kotak Bank (down 1.3%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,261.8 . ONGC and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,143.0 to 76,456.6, registering a gain of 13,313.6 points (up 21.1%).

NAZARA TECHNOLOGIES Financial Update...

NAZARA TECHNOLOGIES net profit grew 60.3% YoY to Rs 191 million for the quarter ended March 2024, compared to a profit of Rs 119 million a year ago. Net sales declined 8.0% to Rs 2,662 million during the period as against Rs 2,893 million in January-March 2023.

For the year ended March 2023, NAZARA TECHNOLOGIES reported 25.0% increase in net profit to Rs 634 million compared to net profit of Rs 507 million during FY22. Revenue of the company grew 75.5% to Rs 10,910 million during FY23.

The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 71.1.


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