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
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 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!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!