Cigniti Technologies Plunges 5%; BSE IT Index Down 1.0%
Thu, 24 Jul 9:36
Image source: bluebay2014/www.istockphoto.comCigniti Technologies share price has plunged 5% and is presently trading at Rs 1,653.6.
Meanwhile, the BSE IT index is at 35,987.4 (down 1.0%).
Among the top losers in the BSE IT index today are PERSISTENT SYSTEMS (down 6.5%) and Coforge (down 5.2%).
INDIAMART INTERMESH (up 1.2%) and Sonata Software (up 0.6%) are among the top gainers today.
Over the last one year, Cigniti Technologies has moved up from Rs 1,341.9 to Rs 1,653.6, registering a gain of Rs 311.8 (up 23.2%).
On the other hand, the BSE IT index has moved down from 40,593.3 to 35,987.4, registering a loss of 11.3% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 47.0%), Birlasoft (down 42.6%) and Sonata Software (down 35.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 82,554.4 (down 0.2%).
The top losers among the BSE Sensex today are Infosys (down 1.0%) and Kotak Bank (down 0.9%). The most traded stocks in the BSE Sensex are Eternal Ltd and Tata Motors.
In the meantime, NSE Nifty is at 25,185.5 (down 0.1%). Trent and Hero Motocorp are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 80,502.1 to 82,554.4, registering a gain of 2,052.3 points (up 2.5%).
Cigniti Technologies Financial Update...
Cigniti Technologies net profit grew 527.6% YoY to Rs 659 million for the quarter ended June 2025, compared to a profit of Rs 105 million a year ago. Net sales rose 14.0% to Rs 5,342 million during the period as against Rs 4,685 million in April-June 2024.
For the year ended March 2024, Cigniti Technologies reported 1.6% decrease in net profit to Rs 1,656 million compared to net profit of Rs 1,683 million during FY23. Revenue of the company grew 10.2% to Rs 18,150 million during FY24.
The current Price to earnings ratio of Cigniti Technologies, based on rolling 12 month earnings, stands at 17.7.
Indian Share Market Update: Top Gainers and Losers
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