TAKE SOLUTIONS Plunges by 5%; BSE IT Index Up 0.6%
October 25, 2019 12:36 PM

TAKE SOLUTIONS share price has plunged 5% and is presently trading at Rs 109.

Meanwhile, the BSE IT Index is at 14,574 (up 0.6%).

Among the top losers in the BSE IT Index today is TAKE SOLUTIONS (down 5.1%).

ECLERX SERVICES (up 7.1%) and SONATA SOFTWARE (up 1.5%) are among the top gainers today.

Over the last one year, TAKE SOLUTIONS has moved down from Rs 146 to Rs 109, registering a loss of Rs 37 (down 25.3%)..

The BSE IT has moved up from 13,766 to 14,574, registering a gain of 808 points (up 5.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 22.6%), INFIBEAM AVENUES (up 20.7%) and HCL TECHNOLOGIES (up 15.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,242 (down 0.1%). The top gainers among the BSE Sensex stocks today are SBI (up 2.7%). The most traded stocks in the BSE Sensex are HDFC BANK and SBI.

In the meantime, NSE Nifty is at 11,647 (down 0.1%). BPCL (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,034 to 39,242, registering a gain of 5,208 points (up 14.5%).

TAKE SOLUTIONS Financial Update...

TAKE SOLUTIONS net profit stood at Rs 461 million for the quarter ended June 2019, compared to a profit of Rs 364 million a year ago. Net Sales rose 11.7% to Rs 5.8 billion during the period as against Rs 5.2 billion in April-June 2018.

For the year ended March 2019, TAKE SOLUTIONS reported 11.6% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.6 billion during FY18.

Revenue of the company grew 28.5% to Rs 20 billion during FY19.

The current Price to earnings ratio of TAKE SOLUTIONS, based on rolling 12 month earnings, stands at 9.1x.