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IZMO Gains 12%; BSE IT Index Up 0.1%
Tue, 25 Jun 11:33

IZMO Gains 12%; BSE IT Index Up 0.1%Image source: Ivcandy/www.istockphoto.com

IZMO share price has zoomed 12% and is presently trading at Rs 352.0.

Meanwhile, the BSE IT index is at 36,201.1 (up 0.1%).

Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 1.5%) and Eclerx Services (up 1.2%).

HAPPIEST MINDS TECHNOLOGIES (down 8.3%) and Tata Elxsi (down 1.7%) are among the top losers today.

Over the last one year, IZMO has moved up from Rs 215.9 to Rs 352.0, registering a gain of Rs 136.2 (up 63.1%).

On the other hand, the BSE IT index has moved up from 29,410.8 to 36,201.1, registering a gain of 23.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 149.0%), INFIBEAM AVENUES (up 103.7%) and Birlasoft (up 101.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,529.5 (up 0.2%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.6%) and Axis Bank (up 1.5%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,573.3 (up 0.2%). Axis Bank and Ultratech Cement are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,529.5, registering a gain of 14,006.4 points (up 22.0%).

IZMO Financial Update...

IZMO net profit grew 9.0% YoY to Rs 90 million for the quarter ended March 2024, compared to a profit of Rs 83 million a year ago. Net sales rose 15.2% to Rs 503 million during the period as against Rs 437 million in January-March 2023.

For the year ended March 2023, IZMO reported 24.8% increase in net profit to Rs 200 million compared to net profit of Rs 160 million during FY22. Revenue of the company grew 16.2% to Rs 1,538 million during FY23.

The current Price to earnings ratio of IZMO, based on rolling 12 month earnings, stands at 19.1.

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