VAKRANGEE LTD. Surges by 6%; BSE IT Index Up 0.4%

VAKRANGEE LTD. share price has zoomed 6% and is presently trading at Rs 59.

Meanwhile, the BSE IT Index is at 14,624 (up 0.4%).

Among the top Gainers in the BSE IT Index today is VAKRANGEE LTD. (up 5.6%).

MINDTREE LTD (down 0.2%) and CYIENT LTD (down 0.3%) are among the top losers today.

Over the last one year, VAKRANGEE LTD. has moved down from Rs 231 to Rs 59, registering a loss of Rs 172 (down 74.4%).

On the other hand, the BSE IT has moved up from 10,274 to 14,624, registering a gain of 4,350 points (up 42.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 161.1%), KPIT TECHNOLOGIES (up 145.2%) and L&T INFOTECH LTD (up 125.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,849 (up 0.4%).

The top gainers among the BSE Sensex stocks today are HIND. UNILEVER (up 1.7%), M&M (up 1.3%) and YES BANK (up 1.0%). Other gainers include KOTAK MAH. BANK (up 1.0%) and SUN PHARMA (up 0.9%). The most traded stocks in the BSE Sensex are SBI and HDFC BANK.

In the meantime, NSE Nifty is at 11,423 (up 0.3%). HINDALCO (up 1.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,849, registering a gain of 5,575 points (up 17.3%).

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 4.6x.

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

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