ZEE LEARN share price has plunged 4% and is presently trading at Rs 9.4.
Meanwhile, the BSE IT index is at 43,314.2 (down 1.5%).
Among the top losers in the BSE IT index today are Mphasis (down 3.9%) and Oracle Financial Services (down 2.1%).
INTELLECT DESIGN (up 0.4%) and Eclerx Services (up 0.2%) are among the top gainers today.
Over the last one year, ZEE LEARN has moved up from Rs 5.7 to Rs 9.4, registering a gain of Rs 3.7 (up 65.8%).
On the other hand, the BSE IT index has moved up from 33,207.2 to 43,314.2, registering a gain of 30.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 182.5%), Firstsource Solutions (up 84.5%) and PERSISTENT SYSTEMS (up 80.4%).
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The BSE Sensex is at 82,984.3 (down 0.1%).
The top losers among the BSE Sensex today are Tech Mahindra (down 1.9%) and Infosys (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and NTPC.
In the meantime, NSE Nifty is at 25,394.2 (down 0.1%). Wipro and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 82,984.3, registering a gain of 15,387.5 points (up 22.8%).
ZEE LEARN net profit fell 44.6% YoY to Rs 36 million for the quarter ended June 2024, compared to a profit of Rs 66 million a year ago. Net sales declined 24.0% to Rs 803 million during the period as against Rs 1,056 million in April-June 2023.
For the year ended March 2023, ZEE LEARN reported 3407.9% decrease in net profit to Rs -4,616 million compared to net loss of Rs 132 million during FY22. Revenue of the company grew 30.8% to Rs 3,242 million during FY23.
The current Price to earnings ratio of ZEE LEARN, based on rolling 12 month earnings, stands at 2.0.
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