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Birlasoft Gains 5%; BSE IT Index Up 4.0%
Wed, 6 Nov 15:11

Birlasoft Gains 5%; BSE IT Index Up 4.0%Image source: Sakorn BernardaSv/www.istockphoto.com

Birlasoft share price has zoomed 5% and is presently trading at Rs 583.1.

Meanwhile, the BSE IT index is at 42,057.2 (up 4.0%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 9.1%) and KPIT TECHNOLOGIES (up 7.5%).

Over the last one year, Birlasoft has moved down from Rs 597.5 to Rs 583.1, registering a loss of Rs 14.4 (down 2.4%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,057.2, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.8%), Firstsource Solutions (up 139.4%) and PERSISTENT SYSTEMS (up 82.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,366.2 (up 1.1%).

The top gainers among the BSE Sensex today are TCS (up 4.1%) and Infosys (up 3.9%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,481.9 (up 1.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,366.2, registering a gain of 15,407.5 points (up 23.7%).

Birlasoft Financial Update...

Birlasoft net profit fell 12.1% YoY to Rs 1,275 million for the quarter ended September 2024, compared to a profit of Rs 1,451 million a year ago. Net sales rose 4.5% to Rs 13,682 million during the period as against Rs 13,099 million in July-September 2023.

For the year ended March 2024, Birlasoft reported 88.1% increase in net profit to Rs 6,238 million compared to net profit of Rs 3,316 million during FY23. Revenue of the company grew 10.1% to Rs 52,781 million during FY24.

The current Price to earnings ratio of Birlasoft, based on rolling 12 month earnings, stands at 26.1.

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