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BIRLASOFT Surges by 6%; BSE IT Index Up 0.7%

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BIRLASOFT Surges by 6%; BSE IT Index Up 0.7%
Wed, 6 Mar 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.

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Stock Market Updates

Indian Indices Erase Gains; Sensex Ends 52 Points Higher (Today's Market)

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After opening the day higher, Indian share markets witnessed negative trading activity during closing hours and ended their trading session marginally higher.

SUVEN LIFESCIENCES Surges by 5%; BSE HEALTHCARE Index Up 0.6% (Today's Market)

Aug 19, 2019 03:28 PM

SUVEN LIFESCIENCES share price has surged by 5% and its current market price is Rs 248. The BSE HEALTHCARE is up by 0.6%. The top gainers in the BSE HEALTHCARE Index are SUVEN LIFESCIENCES (up 5.5%) and THYROCARE TECHNOLOGIES (up 5.7%). The top losers are CIPLA (down 0.1%) and GSK PHARMA (down 0.3%).

ADANI TRANSMISSION Surges by 5%; BSE POWER Index Up 0.2% (Today's Market)

Aug 19, 2019 03:26 PM

ADANI TRANSMISSION share price has surged by 5% and its current market price is Rs 221. The BSE POWER is up by 0.2%. The top gainers in the BSE POWER Index is ADANI TRANSMISSION (up 5.1%). The top losers are SUZLON ENERGY (down 0.5%) and TORRENT POWER LTD (down 1.0%).

BIOCON Plunges by 5%; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Aug 19, 2019 03:06 PM

BIOCON share price has plunged by 5% and its current market price is Rs 232. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index are THYROCARE TECHNOLOGIES (up 5.7%) and SUN PHARMA ADV. RES. (up 3.6%). The top losers is BIOCON (down 5.0%).

INOX WIND Plunges by 6%; BSE CAPITAL GOODS Index Up 1.5% (Today's Market)

Aug 19, 2019 02:24 PM

INOX WIND share price has plunged by 6% and its current market price is Rs 44. The BSE CAPITAL GOODS is up by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 2.7%) and HAVELLS IND (up 2.7%). The top losers is INOX WIND (down 6.1%).

IDBI BANK Surges by 11%; BSE BANKEX Index Up 0.7% (Today's Market)

Aug 19, 2019 02:14 PM

IDBI BANK share price has surged by 11% and its current market price is Rs 28. The BSE BANKEX is up by 0.7%. The top gainers in the BSE BANKEX Index is IDBI BANK (up 11.3%). The top losers are SBI (down 0.8%) and YES BANK (down 3.0%).

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Aug 19, 2019 03:35 PM