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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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 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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