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TRIGYN TECHNOLOGIES Plunges 5%; BSE IT Index Up 1.0%
Tue, 2 Jul 13:14

TRIGYN TECHNOLOGIES Plunges 5%; BSE IT Index Up 1.0%Image source: Sefa Ozel/www.istockphoto.com

TRIGYN TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 132.0.

Meanwhile, the BSE IT index is at 37,988.0 (up 1.0%).

Among the top losers in the BSE IT index today are KPIT TECHNOLOGIES (down 1.3%) and Mastek (down 1.2%).

Firstsource Solutions (up 3.5%) and Coforge (up 2.2%) are among the top gainers today.

Over the last one year, TRIGYN TECHNOLOGIES has moved up from Rs 103.5 to Rs 132.0, registering a gain of Rs 28.5 (up 27.5%).

On the other hand, the BSE IT index has moved up from 29,192.0 to 37,988.0, registering a gain of 30.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 162.9%), Birlasoft (up 102.2%) and ZENSAR TECHNOLOGIES (up 97.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,345.3 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,345.3, registering a gain of 15,429.9 points (up 24.1%).

TRIGYN TECHNOLOGIES Financial Update...

TRIGYN TECHNOLOGIES net profit grew 632.0% YoY to Rs 190 million for the quarter ended March 2024, compared to a profit of Rs 26 million a year ago. Net sales rose 3.1% to Rs 3,341 million during the period as against Rs 3,240 million in January-March 2023.

For the year ended March 2023, TRIGYN TECHNOLOGIES reported 11.2% decrease in net profit to Rs 347 million compared to net profit of Rs 391 million during FY22. Revenue of the company grew 22.3% to Rs 12,727 million during FY23.

The current Price to earnings ratio of TRIGYN TECHNOLOGIES, based on rolling 12 month earnings, stands at 20.4.


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