Virinchi Ltd (VIRINCHI)

₹39.8▲0.38%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Virinchi Ltd share Performance

₹39.2
₹40.15
₹39.8
1.51%
Low
Day's Volatility:2.39%
High
0.88%
₹28.25
₹53.7
₹39.8
29.02%
Low
52 Weeks Volatility:63.94%
High
34.92%

Returns %
1 Month Return	+ 11.06 %
3 Month Return	+ 0.25 %
1 Year Return	+ 21.44 %

Market Stats
Previous Close	₹₹39.65
Open	₹₹39.75
Volume	₹1.78L
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹373.38Cr

Company Information

Virinchi Consultants is a company providing IT and infrastructure consultancy solutions since its incorporation in 1990. With 4 strategic business units, Viswanath Kompella and A P Srinivas were the promoters who invested Rs 15.25 Crores in the company while the public invested Rs 5.70 Crores. A software development park was set up in Hyderabad with a budget of Rs 22.95 Crores. Furthermore, Virinchi had many alliances worldwide and with Kulim Technology Management for developing software technology parks. To expand worldwide, the company has decided to open a branch in USA, Switzerland and HongKong in the name of Virinchi Product Design and Development Services Inc and Virinchi Technologies Ltd respectively.

Share Price: ₹39.80 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹373.38Cr as of today
Revenue: ₹74.66Cr as on March 2024 (Q1 24)
Net Profit: ₹2.04Cr as on March 2024 (Q1 24)
Listing date: 03 May, 2023
Chairperson Name: Viswanath Kompella

Organisation	Virinchi Ltd
Headquarters	Secunderabad
Industry	IT - Software
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Fundamentals of Virinchi Ltd

Insights on Virinchi Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 72.94 Cr → 78.35 Cr (in ₹), with an average increase of 6.9% per quarter
POSITIVE IMPACT
Price Rise
In the last 7 days, VIRINCHI stock has moved up by 10.5%
POSITIVE IMPACT
Promoter Holding Up
Promoters have increased holdings from 37.29% to 39.40% in Apr 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Newgen Software Technologies Ltd has given 240.6% return, outperforming this stock by 219.2%
NO EFFECT
Against Peers
In the last 3 years, KPIT Technologies Ltd has given 533.6% return, outperforming this stock by 499.4%
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 5.62 Cr → 2.1 Cr (in ₹), with an average decrease of 62.6% per quarter
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 0.49% to 0.48% in Apr 2024 quarter
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 62.22% to 60.13% in Apr 2024 quarter