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SANCODE TECHNOLOGIES Plunges 10%; BSE IT Index Up 0.8%
Tue, 1 Oct 9:33

SANCODE TECHNOLOGIES Plunges 10%; BSE IT Index Up 0.8%Image source: phive2015/www.istockphoto.com

SANCODE TECHNOLOGIES share price has plunged 10% and is presently trading at Rs 67.2.

Meanwhile, the BSE IT index is at 42,689.7 (up 0.8%).

Among the top losers in the BSE IT index today are INTELLECT DESIGN (down 2.0%) and LTIMINDTREE (down 0.7%).

Tech Mahindra (up 3.3%) and INFIBEAM AVENUES (up 1.6%) are among the top gainers today.

Over the last one year, SANCODE TECHNOLOGIES has moved down from Rs 97.0 to Rs 67.2, registering a loss of Rs 29.8 (down 30.7%).

On the other hand, the BSE IT index has moved up from 32,745.6 to 42,689.7, 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 173.4%), Firstsource Solutions (up 90.8%) and PERSISTENT SYSTEMS (up 87.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,555.0 (up 0.3%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,555.0, registering a gain of 18,436.3 points (up 27.9%).

SANCODE TECHNOLOGIES Financial Update...

SANCODE TECHNOLOGIES net profit fell {profitpercent} YoY to Rs 0 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 25 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2023, SANCODE TECHNOLOGIES reported 52.4% decrease in net profit to Rs 5 million compared to net profit of Rs 10 million during FY22. Revenue of the company fell 36.3% to Rs 16 million during FY23.

The current Price to earnings ratio of SANCODE TECHNOLOGIES, based on rolling 12 month earnings, stands at -15.7.


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