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ORIENT TECHNOLOGIES LTD. Plunges 4%; BSE IT Index Up 0.8%
Fri, 22 Nov 9:56

ORIENT TECHNOLOGIES LTD. Plunges 4%; BSE IT Index Up 0.8%Image source: phive2015/www.istockphoto.com

ORIENT TECHNOLOGIES LTD. share price has plunged 4% and is presently trading at Rs 447.5.

Meanwhile, the BSE IT index is at 41,889.6 (up 0.8%).

Among the top losers in the BSE IT index today are TANLA SOLUTIONS (down 0.9%) and Firstsource Solutions (down 0.3%).

Mphasis (up 2.8%) and Oracle Financial Services (up 2.7%) are among the top gainers today.

Over the last one year, ORIENT TECHNOLOGIES LTD. has moved up from Rs 0.0 to Rs 447.5, registering a gain of Rs 447.5 .

On the other hand, the BSE IT index has moved up from 33,030.5 to 41,889.6, registering a gain of 26.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.9%), Firstsource Solutions (up 103.4%) and PERSISTENT SYSTEMS (up 79.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,459.6 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.6%) and SBI (up 1.5%). 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 77,459.6, registering a gain of 11,804.5 points (up 18.0%).

ORIENT TECHNOLOGIES LTD. Financial Update...

ORIENT TECHNOLOGIES LTD. net profit fell {profitpercent} YoY to Rs 151 million for the quarter ended September 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 2,231 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2024, ORIENT TECHNOLOGIES LTD. reported 8.2% increase in net profit to Rs 414 million compared to net profit of Rs 383 million during FY23. Revenue of the company grew 12.7% to Rs 6,029 million during FY24.


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