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TRACXN TECHNOLOGIES Gains 6%; BSE IT Index Up 0.3%
Fri, 29 Nov 15:51

TRACXN TECHNOLOGIES Gains 6%; BSE IT Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

TRACXN TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 81.0.

Meanwhile, the BSE IT index is at 42,783.5 (up 0.3%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 1.8%) and PERSISTENT SYSTEMS (up 1.3%).

KPIT TECHNOLOGIES (down 2.2%) and ROUTE MOBILE (down 1.9%) are among the top losers today.

Over the last one year, TRACXN TECHNOLOGIES has moved down from Rs 93.4 to Rs 81.0, registering a loss of Rs 12.3 (down 13.2%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 42,783.5, registering a gain of 30.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 191.5%), Firstsource Solutions (up 117.3%) and PERSISTENT SYSTEMS (up 86.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,802.8 (up 1.0%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 4.4%) and Sun Pharma (up 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,123.7 (up 0.9%). Bharti Airtel and Sun Pharma are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,802.8, registering a gain of 13,628.6 points (up 20.6%).

TRACXN TECHNOLOGIES Financial Update...

TRACXN TECHNOLOGIES net profit fell 314.9% YoY to Rs -47 million for the quarter ended September 2024, compared to a profit of Rs 22 million a year ago. Net sales declined 0.5% to Rs 214 million during the period as against Rs 215 million in July-September 2023.

For the year ended March 2024, TRACXN TECHNOLOGIES reported 80.4% decrease in net profit to Rs 65 million compared to net profit of Rs 331 million during FY23. Revenue of the company grew 6.0% to Rs 828 million during FY24.

The current Price to earnings ratio of TRACXN TECHNOLOGIES, based on rolling 12 month earnings, stands at 3306.9.


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