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KERNEX MICROSYS Gains 5%; BSE IT Index Up 0.0%
Thu, 28 Nov 9:21

KERNEX MICROSYS Gains 5%; BSE IT Index Up 0.0%Image source: Kameleon007 /www.istockphoto.com

KERNEX MICROSYS share price has zoomed 5% and is presently trading at Rs 1,104.1.

Meanwhile, the BSE IT index is at 43,655.6 .

Among the top gainers in the BSE IT index today are Sonata Software (up 2.0%) and PERSISTENT SYSTEMS (up 1.0%).

ROUTE MOBILE (down 1.2%) and Infosys (down 0.3%) are among the top losers today.

Over the last one year, KERNEX MICROSYS has moved up from Rs 616.0 to Rs 1,104.1, registering a gain of Rs 488.1 (up 79.2%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 43,655.6, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 195.4%), Firstsource Solutions (up 115.9%) and PERSISTENT SYSTEMS (up 88.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,281.6 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Ultratech Cement (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,277.5 . Adani Enterprises and Hindustan Unilever are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,281.6, registering a gain of 14,107.4 points (up 21.3%).

KERNEX MICROSYS Financial Update...

KERNEX MICROSYS net profit grew 250.3% YoY to Rs 68 million for the quarter ended September 2024, compared to a loss of Rs 45 million a year ago. Net sales rose 2827.5% to Rs 412 million during the period as against Rs 14 million in July-September 2023.

For the year ended March 2024, KERNEX MICROSYS reported 33.4% decrease in net profit to Rs -267 million compared to net loss of Rs 200 million during FY23. Revenue of the company grew 385.1% to Rs 196 million during FY24.

The current Price to earnings ratio of KERNEX MICROSYS, based on rolling 12 month earnings, stands at -170.5.


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