Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Ramco Systems Gains 5%; BSE IT Index Up 1.1%
Tue, 2 Jul 15:50

Ramco Systems Gains 5%; BSE IT Index Up 1.1%Image source: peterschreiber.media/www.istockphoto.com

Ramco Systems share price has zoomed 5% and is presently trading at Rs 358.6.

Meanwhile, the BSE IT index is at 38,041.4 (up 1.1%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 5.8%) and Coforge (up 3.0%).

Mastek (down 1.7%) and ROUTE MOBILE (down 1.2%) are among the top losers today.

Over the last one year, Ramco Systems has moved up from Rs 252.2 to Rs 358.6, registering a gain of Rs 106.4 (up 42.2%).

On the other hand, the BSE IT index has moved up from 29,192.0 to 38,041.4, registering a gain of 30.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 166.6%), Birlasoft (up 102.4%) and ZENSAR TECHNOLOGIES (up 96.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,441.5 .

The top losers among the BSE Sensex today are Kotak Bank (down 2.4%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,117.8 (down 0.1%). Shriram Transport and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,441.5, registering a gain of 15,526.0 points (up 24.3%).

Ramco Systems Financial Update...

Ramco Systems net profit grew 49.3% YoY to Rs -230 million for the quarter ended March 2024, compared to a loss of Rs 454 million a year ago. Net sales rose 4.0% to Rs 1,312 million during the period as against Rs 1,262 million in January-March 2023.

For the year ended March 2023, Ramco Systems reported 183.6% decrease in net profit to Rs -2,069 million compared to net loss of Rs 729 million during FY22. Revenue of the company fell 7.3% to Rs 4,922 million during FY23.

The current Price to earnings ratio of Ramco Systems, based on rolling 12 month earnings, stands at -5.3.


Equitymaster requests your view! Post a comment on "Ramco Systems Gains 5%; BSE IT Index Up 1.1%". Click here!