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NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 1.6%
Tue, 10 Sep 15:52

NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 1.6%Image source: DNY59/www.istockphoto.com

NAZARA TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 967.0.

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, NAZARA TECHNOLOGIES has moved up from Rs 882.3 to Rs 967.0, registering a gain of Rs 84.7 (up 9.6%).

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%).

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

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%).

NAZARA TECHNOLOGIES Financial Update...

NAZARA TECHNOLOGIES net profit grew 16.4% YoY to Rs 243 million for the quarter ended June 2024, compared to a profit of Rs 209 million a year ago. Net sales declined 1.7% to Rs 2,501 million during the period as against Rs 2,544 million in April-June 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 78.0.

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