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PANACHE DIGILIFE Plunges 9%; BSE IT Index Up 1.1%
Thu, 13 Jun 12:2

PANACHE DIGILIFE share price has plunged 9% and is presently trading at Rs 118.5.

Meanwhile, the BSE IT index is at 35,780.4 (up 1.1%).

Among the top losers in the BSE IT index today are TANLA SOLUTIONS (down 1.5%) and INFIBEAM AVENUES (down 0.9%).

Oracle Financial Services (up 7.0%) and Firstsource Solutions (up 3.7%) are among the top gainers today.

Over the last one year, PANACHE DIGILIFE has moved up from Rs 41.6 to Rs 118.5, registering a gain of Rs 76.9 (up 184.7%).

On the other hand, the BSE IT index has moved up from 29,076.2 to 35,780.4, registering a gain of 23.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 160.4%), INFIBEAM AVENUES (up 108.9%) and Birlasoft (up 105.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,899.8 (up 0.4%).

The top gainers among the BSE Sensex today are L&T (up 1.8%) and Tech Mahindra (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,396.7 (up 0.3%). HDFC LIFE INSURANCE and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,899.8, registering a gain of 14,175.1 points (up 22.6%).

PANACHE DIGILIFE Financial Update...

PANACHE DIGILIFE net profit fell 114.5% YoY to Rs -1 million for the quarter ended March 2024, compared to a profit of Rs 10 million a year ago. Net sales rose 0.6% to Rs 548 million during the period as against Rs 545 million in January-March 2023.

For the year ended March 2023, PANACHE DIGILIFE reported 9.5% decrease in net profit to Rs 13 million compared to net profit of Rs 15 million during FY22. Revenue of the company grew 30.1% to Rs 1,118 million during FY23.

The current Price to earnings ratio of PANACHE DIGILIFE, based on rolling 12 month earnings, stands at -243.9.

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