INFIBEAM AVENUES Gains 4%; BSE IT Index Up 0.2%
Tue, 3 Dec 9:39
Image source: alexsl/www.istockphoto.comINFIBEAM AVENUES share price has zoomed 4% and is presently trading at Rs 28.2.
Meanwhile, the BSE IT index is at 43,305.8 (up 0.2%).
Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 5.0%) and INTELLECT DESIGN (up 4.7%).
Wipro (down 50.1%) and Coforge (down 1.0%) are among the top losers today.
Over the last one year, INFIBEAM AVENUES has moved up from Rs 20.4 to Rs 28.2, registering a gain of Rs 7.8 (up 38.5%).
On the other hand, the BSE IT index has moved up from 33,222.4 to 43,305.8, registering a gain of 30.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 207.6%), Firstsource Solutions (up 112.4%) and PERSISTENT SYSTEMS (up 84.1%).
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What About the Benchmark Indices?
The BSE Sensex is at 80,271.1 .
The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.9%) and JSW Steel (up 1.3%). The most traded stocks in the BSE Sensex are Kotak Bank and Tata Steel.
In the meantime, NSE Nifty is at 24,307.2 (up 0.1%). MUNDRA PORT & SEZ and Shriram Transport are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,901.9 to 80,271.1, registering a gain of 13,369.2 points (up 20.0%).
INFIBEAM AVENUES Financial Update...
INFIBEAM AVENUES net profit grew 18.0% YoY to Rs 481 million for the quarter ended September 2024, compared to a profit of Rs 408 million a year ago. Net sales rose 29.2% to Rs 10,167 million during the period as against Rs 7,870 million in July-September 2023.
For the year ended March 2024, INFIBEAM AVENUES reported 14.4% increase in net profit to Rs 1,560 million compared to net profit of Rs 1,363 million during FY23. Revenue of the company grew 61.6% to Rs 31,711 million during FY24.
The current Price to earnings ratio of INFIBEAM AVENUES, based on rolling 12 month earnings, stands at 38.4.
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