Birlasoft Plunges 5%; BSE IT Index Down 5.3%
Wed, 3 Jun 12:25
Image source: Sakorn BernardaSv/www.istockphoto.comBirlasoft share price has plunged 5% and is presently trading at Rs 325.9.
Meanwhile, the BSE IT index is at 28,503.8 (down 5.3%).
Among the top losers in the BSE IT index today are TCS (down 8.9%) and LTIMINDTREE (down 7.8%).
INDIAMART INTERMESH (up 0.2%) is among the top gainers today.
Over the last one year, Birlasoft has moved down from Rs 399.0 to Rs 325.9, registering a loss of Rs 73.2 (down 18.3%).
On the other hand, the BSE IT index has moved down from 36,681.9 to 28,503.8, registering a loss of 22.3% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 45.6%), KPIT TECHNOLOGIES (down 41.7%) and ZENSAR TECHNOLOGIES (down 39.4%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,584.9 (down 1.4%).
The top losers among the BSE Sensex today are TCS (down 8.9%) and Tech Mahindra (down 6.2%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,184.9 (down 1.3%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,584.9, registering a loss of 7,788.9 points (down 9.6%).
Birlasoft Financial Update...
Birlasoft net profit grew 44.1% YoY to Rs 1,759 million for the quarter ended March 2026, compared to a profit of Rs 1,221 million a year ago. Net sales rose 2.4% to Rs 13,486 million during the period as against Rs 13,169 million in January-March 2025.
For the year ended March 2025, Birlasoft reported 17.2% decrease in net profit to Rs 5,168 million compared to net profit of Rs 6,238 million during FY24. Revenue of the company grew 1.8% to Rs 53,752 million during FY25.
The current Price to earnings ratio of Birlasoft, based on rolling 12 month earnings, stands at 17.6.
Indian Share Market Update: Top Gainers and Losers
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