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Cigniti Technologies Gains 5%; BSE IT Index Up 1.0%
Tue, 26 Nov 12:17

Cigniti Technologies Gains 5%; BSE IT Index Up 1.0%Image source: peterschreiber.media/www.istockphoto.com

Cigniti Technologies share price has zoomed 5% and is presently trading at Rs 1,615.6.

Meanwhile, the BSE IT index is at 43,579.0 (up 1.0%).

Among the top gainers in the BSE IT index today are Sonata Software (up 6.6%) and Birlasoft (up 4.0%).

Oracle Financial Services (down 2.0%) and Mastek (down 0.4%) are among the top losers today.

Over the last one year, Cigniti Technologies has moved up from Rs 1,090.4 to Rs 1,615.6, registering a gain of Rs 525.2 (up 48.2%).

On the other hand, the BSE IT index has moved up from 33,147.7 to 43,579.0, registering a gain of 31.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.1%), Firstsource Solutions (up 116.6%) and PERSISTENT SYSTEMS (up 81.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,966.6 (down 0.2%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.9%) and Ultratech Cement (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,187.4 (down 0.1%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,966.6, registering a gain of 13,943.3 points (up 21.1%).

Cigniti Technologies Financial Update...

Cigniti Technologies net profit grew 15.4% YoY to Rs 529 million for the quarter ended September 2024, compared to a profit of Rs 459 million a year ago. Net sales rose 10.5% to Rs 4,992 million during the period as against Rs 4,518 million in July-September 2023.

For the year ended March 2024, Cigniti Technologies reported 1.6% decrease in net profit to Rs 1,656 million compared to net profit of Rs 1,683 million during FY23. Revenue of the company grew 10.2% to Rs 18,150 million during FY24.

The current Price to earnings ratio of Cigniti Technologies, based on rolling 12 month earnings, stands at 31.8.


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