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EKI ENERGY SERVICES Plunges 4%; BSE IT Index Down 1.2%
Thu, 7 Nov 11:8

EKI ENERGY SERVICES Plunges 4%; BSE IT Index Down 1.2%Image source: ipopba/www.istockphoto.com

EKI ENERGY SERVICES share price has plunged 4% and is presently trading at Rs 273.4.

Meanwhile, the BSE IT index is at 41,584.3 (down 1.2%).

Among the top losers in the BSE IT index today are Mphasis (down 2.8%) and Tech Mahindra (down 2.5%).

Eclerx Services (up 2.7%) and Mastek (up 1.3%) are among the top gainers today.

Over the last one year, EKI ENERGY SERVICES has moved down from Rs 438.8 to Rs 273.4, registering a loss of Rs 165.5 (down 37.7%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,584.3, registering a gain of 31.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 185.9%), Firstsource Solutions (up 139.2%) and PERSISTENT SYSTEMS (up 81.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,640.4 (down 0.9%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.5%) and M&M (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,239.1 (down 1.0%). Hindalco and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,640.4, registering a gain of 14,681.7 points (up 22.6%).

EKI ENERGY SERVICES Financial Update...

EKI ENERGY SERVICES net profit grew 109.8% YoY to Rs 42 million for the quarter ended September 2024, compared to a loss of Rs 435 million a year ago. Net sales rose 81.3% to Rs 1,431 million during the period as against Rs 790 million in July-September 2023.

For the year ended March 2024, EKI ENERGY SERVICES reported 208.0% decrease in net profit to Rs -1,292 million compared to net profit of Rs 1,196 million during FY23. Revenue of the company fell 79.5% to Rs 2,634 million during FY24.

The current Price to earnings ratio of EKI ENERGY SERVICES, based on rolling 12 month earnings, stands at -15.6.


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