CE INFO SYSTEMS Plunges 3%; BSE IT Index Up 0.2%
Wed, 5 Feb 11:34
Image source: bluebay2014/www.istockphoto.comCE INFO SYSTEMS share price has plunged 3% and is presently trading at Rs 1,705.1.
Meanwhile, the BSE IT index is at 42,258.2 (up 0.2%).
Among the top losers in the BSE IT index today are HCl Tech. (down 1.4%) and HAPPIEST MINDS TECHNOLOGIES (down 1.2%).
Firstsource Solutions (up 4.7%) and CYIENT (up 3.9%) are among the top gainers today.
Over the last one year, CE INFO SYSTEMS has moved down from Rs 1,802.6 to Rs 1,705.1, registering a loss of Rs 97.5 (down 5.4%).
On the other hand, the BSE IT index has moved up from 37,916.5 to 42,258.2, registering a gain of 11.5% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Firstsource Solutions (up 73.7%), ZENSAR TECHNOLOGIES (up 59.5%) and PERSISTENT SYSTEMS (up 45.0%).
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What About the Benchmark Indices?
The BSE Sensex is at 78,421.4 (down 0.2%).
The top losers among the BSE Sensex today are Asian Paints (down 3.7%) and Titan (down 3.2%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Motors.
In the meantime, NSE Nifty is at 23,751.3 (up 0.1%). BPCL and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,731.4 to 78,421.4, registering a gain of 6,690.0 points (up 9.3%).
CE INFO SYSTEMS Financial Update...
CE INFO SYSTEMS net profit grew 1.8% YoY to Rs 326 million for the quarter ended December 2024, compared to a profit of Rs 320 million a year ago. Net sales rose 24.5% to Rs 1,145 million during the period as against Rs 920 million in October-December 2023.
For the year ended March 2024, CE INFO SYSTEMS reported 25.0% increase in net profit to Rs 1,344 million compared to net profit of Rs 1,075 million during FY23. Revenue of the company grew 34.8% to Rs 3,794 million during FY24.
The current Price to earnings ratio of CE INFO SYSTEMS, based on rolling 12 month earnings, stands at 67.3.
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