Image source: DNY59/www.istockphoto.comNETWEB TECHNOLOGIES share price has plunged 8% and is presently trading at Rs 2,154.1.
Meanwhile, the BSE IT index is at 41,605.5 (down 0.3%).
Among the top losers in the BSE IT index today are Sonata Software (down 2.3%) and Oracle Financial Services (down 1.9%).
Wipro (up 7.3%) and HAPPIEST MINDS TECHNOLOGIES (up 1.4%) are among the top gainers today.
Over the last one year, NETWEB TECHNOLOGIES has moved up from Rs 1,424.8 to Rs 2,154.1, registering a gain of Rs 729.3 (up 51.2%).
On the other hand, the BSE IT index has moved up from 37,332.1 to 41,605.5, registering a gain of 11.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 100.2%), Firstsource Solutions (up 94.1%) and PERSISTENT SYSTEMS (up 55.1%).
Get Instant Access: Premium Guide on Effective Stock Picking Strategies
What About the Benchmark Indices?
The BSE Sensex is at 76,693.8 (up 0.1%).
The top gainers among the BSE Sensex today are Kotak Bank (up 9.4%) and SBI (up 1.6%). The most traded stocks in the BSE Sensex are ZOMATO and Kotak Bank.
In the meantime, NSE Nifty is at 23,215.9 (up 0.1%). Kotak Bank and Wipro are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,128.8 to 76,693.8, registering a gain of 3,565.1 points (up 4.9%).
NETWEB TECHNOLOGIES Financial Update…
NETWEB TECHNOLOGIES net profit grew 16.6% YoY to Rs 303 million for the quarter ended December 2024, compared to a profit of Rs 260 million a year ago. Net sales rose 31.8% to Rs 3,340 million during the period as against Rs 2,534 million in October-December 2023.
For the year ended March 2024, NETWEB TECHNOLOGIES reported 61.7% increase in net profit to Rs 759 million compared to net profit of Rs 469 million during FY23. Revenue of the company grew 62.7% to Rs 7,241 million during FY24.
The current Price to earnings ratio of NETWEB TECHNOLOGIES, based on rolling 12 month earnings, stands at 120.1.
Indian Share Market Update: Top Gainers and Losers
