NAZARA TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 995.2.
Meanwhile, the BSE IT index is at 43,611.5 (up 1.1%).
Among the top gainers in the BSE IT index today are Sonata Software (up 7.8%) and Birlasoft (up 4.2%).
Oracle Financial Services (down 2.0%) and Tata Elxsi (down 1.1%) are among the top losers today.
Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 801.5 to Rs 995.2, registering a gain of Rs 193.7 (up 24.2%).
On the other hand, the BSE IT index has moved up from 33,147.7 to 43,611.5, registering a gain of 31.6% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.3%), Firstsource Solutions (up 114.7%) and PERSISTENT SYSTEMS (up 80.2%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,004.1 (down 0.1%).
The top losers among the BSE Sensex today are Ultratech Cement (down 3.1%) and MUNDRA PORT & SEZ (down 3.0%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,193.0 (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 80,004.1, registering a gain of 13,980.8 points (up 21.2%).
NAZARA TECHNOLOGIES net profit fell 14.1% YoY to Rs 193 million for the quarter ended September 2024, compared to a profit of Rs 225 million a year ago. Net sales rose 7.3% to Rs 3,189 million during the period as against Rs 2,972 million in July-September 2023.
For the year ended March 2024, NAZARA TECHNOLOGIES reported 41.1% increase in net profit to Rs 895 million compared to net profit of Rs 634 million during FY23. Revenue of the company grew 4.3% to Rs 11,383 million during FY24.
The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 83.1.
Equitymaster requests your view! Post a comment on "NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 1.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!