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PROTEAN EGOV TECH Plunges 7%; BSE IT Index Up 0.9%
Fri, 22 Nov 9:56

PROTEAN EGOV TECH Plunges 7%; BSE IT Index Up 0.9%Image source: ipopba/www.istockphoto.com

PROTEAN EGOV TECH share price has plunged 7% and is presently trading at Rs 1,721.9.

Meanwhile, the BSE IT index is at 41,902.3 (up 0.9%).

Among the top losers in the BSE IT index today are TANLA SOLUTIONS (down 1.0%) and Firstsource Solutions (down 0.1%).

Oracle Financial Services (up 2.9%) and Mphasis (up 2.8%) are among the top gainers today.

Over the last one year, PROTEAN EGOV TECH has moved up from Rs 1,120.8 to Rs 1,721.9, registering a gain of Rs 601.1 (up 53.6%).

On the other hand, the BSE IT index has moved up from 33,030.5 to 41,902.3, registering a gain of 26.9% 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 103.7%) and PERSISTENT SYSTEMS (up 78.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,452.3 (up 0.4%).

The top gainers among the BSE Sensex today are SBI (up 1.6%) and ICICI Bank (up 1.6%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.

In the meantime, NSE Nifty is at 23,455.1 (up 0.5%). APOLLO HOSPITALS and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,452.3, registering a gain of 11,797.1 points (up 18.0%).

PROTEAN EGOV TECH Financial Update...

PROTEAN EGOV TECH net profit fell 14.5% YoY to Rs 280 million for the quarter ended September 2024, compared to a profit of Rs 328 million a year ago. Net sales declined 6.8% to Rs 2,197 million during the period as against Rs 2,357 million in July-September 2023.

For the year ended March 2024, PROTEAN EGOV TECH reported 9.1% decrease in net profit to Rs 973 million compared to net profit of Rs 1,070 million during FY23. Revenue of the company grew 18.8% to Rs 8,820 million during FY24.

The current Price to earnings ratio of PROTEAN EGOV TECH, based on rolling 12 month earnings, stands at 83.4.


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