TAKE SOLUTIONS Surges by 6%; BSE IT Index Up 0.3%

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TAKE SOLUTIONS share price has zoomed 6% and is presently trading at Rs 155.

Meanwhile, the BSE IT Index is at 15,663 (up 0.3%).

Among the top Gainers in the BSE IT Index today are TAKE SOLUTIONS (up 6.4%) and 8K MILES SOFT (up 10.0%).

NIIT TECHNOLOGIES and INFOSYS (down 0.2%) are among the top losers today.

Over the last one year, TAKE SOLUTIONS has moved down from Rs 188 to Rs 155, registering a loss of Rs 33 (down 17.7%).

On the other hand, the BSE IT has moved up from 12,682 to 15,663, registering a gain of 2,981 points (up 23.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 42.4%), L&T TECHONOLOGY (up 41.2%) and TCS (up 34.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,348 (up 1.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.8%), ICICI BANK (up 3.5%) and L&T (up 2.3%). Other gainers include ASIAN PAINTS (up 1.8%) and MARUTI SUZUKI (up 1.8%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,810 (up 1.0%). INDUSIND BANK (up 3.9%) and ICICI BANK (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,348, registering a gain of 5,043 points (up 14.6%).

TAKE SOLUTIONS Financial Update…

TAKE SOLUTIONS net profit down at Rs 364 million for the quarter ended December 2018, compared to a loss of Rs 420 million a year ago. Net Sales rose 27.8% to Rs 5.2 billion during the period as against Rs 4.1 billion in October-December 2017.

For the year ended March 2018, TAKE SOLUTIONS reported 9.4% increase in net profit to Rs 1.6 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 18.0% to Rs 16 billion during FY18.

The current Price to earnings ratio of TAKE SOLUTIONS, based on rolling 12 month earnings, stands at 11.6x. p >

This article (TAKE SOLUTIONS Surges by 6%; BSE IT Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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