BIRLASOFT Surges by 6%; BSE IT Index Up 0.7%
March 6, 2019 11:34 AM

BIRLASOFT share price has zoomed 6% and is presently trading at Rs 114.

Meanwhile, the BSE IT Index is at 15,351 (up 0.7%).

Among the top Gainers in the BSE IT Index today are BIRLASOFT (up 6.2%) and INFIBEAM AVENUES (up 5.3%).

PERSISTENT SYSTEMS (down 0.2%) and HCL TECH. (down 0.7%) are among the top losers today.

Over the last one year, BIRLASOFT has moved down from Rs 219 to Rs 114, registering a loss of Rs 105 (down 48.0%).

On the other hand, the BSE IT has moved up from 12,486 to 15,351, registering a gain of 2,865 points (up 22.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 50.0%), TECH MAHINDRA (up 30.9%) and TCS (up 29.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,640 (up 0.4%).

The top gainers among the BSE Sensex stocks today are WIPRO (up 3.4%), VEDANTA LTD (up 2.7%) and ICICI BANK (up 2.0%). Other gainers include BAJAJ FINANCE (up 1.9%) and SBI (up 1.6%). The most traded stocks in the BSE Sensex are ICICI BANK and WIPRO.

In the meantime, NSE Nifty is at 11,052 (up 0.4%). BHARTI INFRATEL (up 2.9%) and VEDANTA LTD (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,747 to 36,640, registering a gain of 2,893 points (up 8.4%).

BIRLASOFT Financial Update...

BIRLASOFT net profit down at Rs 378 million for the quarter ended December 2018, compared to a loss of Rs 619 million a year ago. Net Sales declined 38.2% to Rs 5.6 billion during the period as against Rs 9.1 billion in October-December 2017.

For the year ended March 2016, BIRLASOFT reported 23.5% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.4 billion during FY15.

Revenue of the company grew 11.4% to Rs 32 billion during FY16.

The current Price to earnings ratio of BIRLASOFT, based on rolling 12 month earnings, stands at 7.5x.