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Sasken Technologies Gains 8%; BSE IT Index Up 0.1%
Thu, 14 Nov 14:26

Sasken Technologies Gains 8%; BSE IT Index Up 0.1%Image source: Chunumunu/www.istockphoto.com

Sasken Technologies share price has zoomed 8% and is presently trading at Rs 2,050.0.

Meanwhile, the BSE IT index is at 42,122.0 (up 0.1%).

Among the top gainers in the BSE IT index today are PERSISTENT SYSTEMS (up 1.5%) and INTELLECT DESIGN (up 1.4%).

Firstsource Solutions (down 2.1%) and Sonata Software (down 2.0%) are among the top losers today.

Over the last one year, Sasken Technologies has moved up from Rs 1,211.3 to Rs 2,050.0, registering a gain of Rs 838.8 (up 69.2%).

On the other hand, the BSE IT index has moved up from 31,548.9 to 42,122.0, registering a gain of 33.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 193.6%), Firstsource Solutions (up 116.2%) and PERSISTENT SYSTEMS (up 83.2%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,598.8 (down 0.1%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 2.4%) and Power Grid Corp. (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,543.9 (down 0.1%). BPCL and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,598.8, registering a gain of 12,339.4 points (up 18.9%).

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 47.7.


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