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EMUDHRA Gains 10%; BSE IT Index Up 1.6%
Tue, 10 Sep 15:52

EMUDHRA Gains 10%; BSE IT Index Up 1.6%Image source: alexsl/www.istockphoto.com

EMUDHRA share price has zoomed 10% and is presently trading at Rs 876.7.

Meanwhile, the BSE IT index is at 43,249.8 (up 1.6%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 5.3%) and Coforge (up 4.6%).

Eclerx Services (down 0.1%) is among the top losers today.

Over the last one year, EMUDHRA has moved up from Rs 473.9 to Rs 876.7, registering a gain of Rs 402.8 (up 85.0%).

On the other hand, the BSE IT index has moved up from 32,626.6 to 43,249.8, registering a gain of 32.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.3%), INFIBEAM AVENUES (up 105.4%) and Firstsource Solutions (up 94.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,939.0 (up 0.5%).

The top gainers among the BSE Sensex today are NTPC (up 2.3%) and Bharti Airtel (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,051.3 (up 0.5%). Divis Laboratories and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,939.0, registering a gain of 16,058.5 points (up 24.4%).

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 92.9.


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