KERNEX MICROSYS Gains 5%; BSE IT Index Up 0.6%
Wed, 2 Apr 10:59
Image source: hudiemm/www.istockphoto.comKERNEX MICROSYS share price has zoomed 5% and is presently trading at Rs 855.7.
Meanwhile, the BSE IT index is at 35,523.2 (up 0.6%).
Among the top gainers in the BSE IT index today are ZENSAR TECHNOLOGIES (up 3.8%) and HAPPIEST MINDS TECHNOLOGIES (up 2.3%).
Coforge (down 1.0%) and TANLA SOLUTIONS (down 0.9%) are among the top losers today.
Over the last one year, KERNEX MICROSYS has moved up from Rs 557.6 to Rs 855.7, registering a gain of Rs 298.1 (up 53.5%).
On the other hand, the BSE IT index has moved down from 35,644.8 to 35,523.2, registering a loss of 0.3% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were Sonata Software (down 51.0%), Birlasoft (down 47.7%) and TANLA SOLUTIONS (down 41.8%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,536.8 (up 0.7%).
The top gainers among the BSE Sensex today are Tech Mahindra (up 2.1%) and Maruti Suzuki (up 2.0%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,293.7 (up 0.6%). Tata Consumer Products and Tech Mahindra are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,651.4 to 76,536.8, registering a gain of 2,885.4 points (up 3.9%).
KERNEX MICROSYS Financial Update...
KERNEX MICROSYS net profit grew 183.3% YoY to Rs 71 million for the quarter ended December 2024, compared to a loss of Rs 86 million a year ago. Net sales rose 342.7% to Rs 368 million during the period as against Rs 83 million in October-December 2023.
For the year ended March 2024, KERNEX MICROSYS reported 33.4% decrease in net profit to Rs -267 million compared to net loss of Rs 200 million during FY23. Revenue of the company grew 385.1% to Rs 196 million during FY24.
The current Price to earnings ratio of KERNEX MICROSYS, based on rolling 12 month earnings, stands at 295.9.
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