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Sasken Technologies Gains 9%; BSE IT Index Down 0.0%
Tue, 12 Nov 16:11

Sasken Technologies Gains 9%; BSE IT Index Down 0.0%Image source: Eoneren/www.istockphoto.com

Sasken Technologies share price has zoomed 9% and is presently trading at Rs 1,923.6.

Meanwhile, the BSE IT index is at 42,387.4 .

Among the top gainers in the BSE IT index today are L&T TECHNOLOGY SERVICES (up 3.3%) and Mastek (up 2.2%).

ZENSAR TECHNOLOGIES (down 3.0%) and INDIAMART INTERMESH (down 2.6%) are among the top losers today.

Over the last one year, Sasken Technologies has moved up from Rs 1,167.5 to Rs 1,923.6, registering a gain of Rs 756.1 (up 64.8%).

On the other hand, the BSE IT index has moved up from 31,561.2 to 42,387.4, registering a gain of 34.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 191.1%), Firstsource Solutions (up 123.9%) and PERSISTENT SYSTEMS (up 80.7%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,675.2 (down 1.0%).

The top losers among the BSE Sensex today are NTPC (down 3.1%) and Asian Paints (down 2.8%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 23,843.0 (down 1.2%). Bharat Electronics and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 78,675.2, registering a gain of 13,699.6 points (up 21.1%).

Sasken Technologies Financial Update...

Sasken Technologies net profit fell 32.0% YoY to Rs 123 million for the quarter ended September 2024, compared to a profit of Rs 181 million a year ago. Net sales rose 31.7% to Rs 1,350 million during the period as against Rs 1,025 million in July-September 2023.

For the year ended March 2024, Sasken Technologies reported 20.8% decrease in net profit to Rs 787 million compared to net profit of Rs 995 million during FY23. Revenue of the company fell 9.1% to Rs 4,064 million during FY24.

The current Price to earnings ratio of Sasken Technologies, based on rolling 12 month earnings, stands at 44.7.


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