VAKRANGEE LTD. Plunges by 5%; BSE IT Index Up 0.2%

VAKRANGEE LTD. share price has plunged 5% and is presently trading at Rs 61.

Meanwhile, the BSE IT Index is at 14,638 (up 0.2%).

Among the top losers in the BSE IT Index today is VAKRANGEE LTD. (down 5.5%).

SONATA SOFTWARE (up 2.9%) and ORACLE FINANCIAL SERVICES (up 1.7%) are among the top gainers today.

Over the last one year, VAKRANGEE LTD. has moved down from Rs 220 to Rs 61, registering a loss of Rs 159 (down 72.2%)..

The BSE IT has moved up from 10,222 to 14,638, registering a gain of 4,416 points (up 43.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 163.0%), KPIT TECHNOLOGIES (up 153.0%) and INTELLECT DESIGN (up 144.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,050 (up 0.1%). The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 1.5%), VEDANTA LTD (up 1.3%) and TATA MOTORS DVR (up 0.9%). Other gainers include HIND. UNILEVER (up 0.7%) and SBI (up 0.4%). The most traded stocks in the BSE Sensex are HIND. UNILEVER and ASIAN PAINTS.

In the meantime, NSE Nifty is at 11,479 (down 0.2%). EICHER MOTOR (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,798 to 38,050, registering a gain of 6,252 points (up 19.7%).

VAKRANGEE LTD. Financial Update...

VAKRANGEE LTD. net profit down at Rs 760 million for the quarter ended March 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 2.5% to Rs 18.5 billion during the period as against Rs 18.0 billion in January-March 2017.

For the year ended March 2017, VAKRANGEE LTD. reported 34.4% increase in net profit to Rs 5.3 billion compared to net profit of Rs 3.9 billion during FY16.

Revenue of the company grew 25.4% to Rs 40 billion during FY17.

The current Price to earnings ratio of VAKRANGEE LTD., based on rolling 12 month earnings, stands at 4.8x.

This article was originally published in English at www.equitymaster.com

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