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Ramco Systems Gains 6%; BSE IT Index Down 0.5%
Mon, 2 Dec 9:32

Ramco Systems Gains 6%; BSE IT Index Down 0.5%Image source: Chunumunu/www.istockphoto.com

Ramco Systems share price has zoomed 6% and is presently trading at Rs 441.2.

Meanwhile, the BSE IT index is at 42,588.6 (down 0.5%).

Among the top gainers in the BSE IT index today are Sonata Software (up 2.8%) and INTELLECT DESIGN (up 1.3%).

ROUTE MOBILE (down 1.7%) and INDIAMART INTERMESH (down 1.0%) are among the top losers today.

Over the last one year, Ramco Systems has moved up from Rs 276.5 to Rs 441.2, registering a gain of Rs 164.7 (up 59.6%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 42,588.6, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 193.3%), Firstsource Solutions (up 115.4%) and PERSISTENT SYSTEMS (up 85.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,370.5 (down 0.5%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.1%) and Reliance Ind. (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,034.6 (down 0.4%). ONGC and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,370.5, registering a gain of 13,196.3 points (up 19.9%).

Ramco Systems Financial Update...

Ramco Systems net profit grew 93.4% YoY to Rs -96 million for the quarter ended September 2024, compared to a loss of Rs 1,458 million a year ago. Net sales rose 12.4% to Rs 1,425 million during the period as against Rs 1,268 million in July-September 2023.

For the year ended March 2024, Ramco Systems reported 16.8% decrease in net profit to Rs -2,417 million compared to net loss of Rs 2,069 million during FY23. Revenue of the company grew 6.8% to Rs 5,258 million during FY24.

The current Price to earnings ratio of Ramco Systems, based on rolling 12 month earnings, stands at -20.9.


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