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Aptech Gains 7%; BSE IT Index Down 0.3%
Tue, 25 Feb 9:22

Aptech Gains 7%; BSE IT Index Down 0.3%Image source: asbe/www.istockphoto.com

Aptech share price has zoomed 7% and is presently trading at Rs 116.9.

Meanwhile, the BSE IT index is at 38,594.4 (down 0.3%).

Among the top gainers in the BSE IT index today are ZENSAR TECHNOLOGIES (up 0.3%) and INTELLECT DESIGN (up 0.3%).

Eclerx Services (down 1.5%) and HAPPIEST MINDS TECHNOLOGIES (down 1.1%) are among the top losers today.

Over the last one year, Aptech has moved down from Rs 239.1 to Rs 116.9, registering a loss of Rs 122.2 (down 51.1%).

On the other hand, the BSE IT index has moved up from 37,990.3 to 38,594.4, registering a gain of 1.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Firstsource Solutions (up 80.2%), ZENSAR TECHNOLOGIES (up 44.2%) and PERSISTENT SYSTEMS (up 31.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 74,560.1 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.1%) and ICICI Bank (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ZOMATO.

In the meantime, NSE Nifty is at 22,547.1 . Hindalco and L&T are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 72,623.1 to 74,560.1, registering a gain of 1,937.0 points (up 2.7%).

Aptech Financial Update...

Aptech net profit fell 47.0% YoY to Rs 36 million for the quarter ended December 2024, compared to a profit of Rs 67 million a year ago. Net sales rose 9.5% to Rs 1,102 million during the period as against Rs 1,006 million in October-December 2023.

For the year ended March 2024, Aptech reported 57.1% decrease in net profit to Rs 290 million compared to net profit of Rs 677 million during FY23. Revenue of the company fell 4.4% to Rs 4,368 million during FY24.

The current Price to earnings ratio of Aptech, based on rolling 12 month earnings, stands at 40.2.


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