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NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 1.1%
Tue, 26 Nov 16:28

NAZARA TECHNOLOGIES Gains 5%; BSE IT Index Up 1.1%Image source: DNY59/www.istockphoto.com

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

What About the Benchmark Indices?

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 Financial Update...

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.


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