INFO EDGE Plunges by 5%; BSE IT Index Up 1.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INFO EDGE Plunges by 5%; BSE IT Index Up 1.1%
Fri, 23 Aug 03:26 PM

INFO EDGE share price has plunged 5% and is presently trading at Rs 2,019.

Meanwhile, the BSE IT Index is at 16,048 (up 1.1%).

Among the top losers in the BSE IT Index today are INFO EDGE (down 5.4%) and PERSISTENT SYSTEMS (down 5.3%).

TATA ELXSI (up 7.2%) and ORACLE FINANCIAL (up 4.2%) are among the top gainers today.

Over the last one year, INFO EDGE has moved up from Rs 1,609 to Rs 2,019, registering a gain of Rs 410 (up 25.5%)..

The BSE IT has moved up from 15,144 to 16,048, registering a gain of 904 points (up 6.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 16.1%), INFOSYS (up 14.9%) and TCS (up 10.2%).

What About the Benchmark Indices?

The BSE Sensex is at 36,807 (up 0.6%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 6.5%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,863 (up 0.9%). ZEE ENTERTAINMENT (up 6.3%) and VEDANTA LTD (up 5.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,337 to 36,807, registering a gain of -1,530 points (up -4.3%).

INFO EDGE Financial Update...

INFO EDGE net profit down at Rs 663 million for the quarter ended March 2019, compared to a loss of Rs 743 million a year ago. Net Sales rose 4.1% to Rs 2.9 billion during the period as against Rs 2.8 billion in January-March 2018.

For the year ended March 2019, INFO EDGE reported 22.8% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.3 billion during FY18.

Revenue of the company grew 16.5% to Rs 12 billion during FY19.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 84.0x.

Equitymaster requests your view! Post a comment on "INFO EDGE Plunges by 5%; BSE IT Index Up 1.1%". Click here!

  

Stock Market Updates

Rising Petrol and Diesel Prices, DHFL Saga, and Top Cues in Focus Today (Today's Market)

Sep 19, 2019 Pre-Open

Indian share markets ended their trading session marginally higher yesterday. On the sectoral front, gains were seen in the metal sector and realty sector.

View More Indian Share Market News

Most Popular

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

A Recession Proof Stock You Can Bet On(Profit Hunter)

Sep 10, 2019

Usually, the typical horizon period for my smallcap recommendations is 3 to 5 years. But if you ask me, this could be one business that you could own and pass on to future generations.

This Company Will Do Well Despite the Slowdown(The 5 Minute Wrapup)

Sep 11, 2019

How financial inclusion provides a big runway for this stock recommendation.

A Rare Opportunity to Buy the Top 5 Stocks in the Market(The 5 Minute Wrapup)

Sep 16, 2019

The stock market today is throwing up a great opportunity to pile on quality stocks.

The 5 Best Trading Opportunities I've Spotted(Profit Hunter)

Sep 13, 2019

These 10 auto stocks should be in your watchlist for the next 32 months. Paste them on your workstation NOW.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Sep 18, 2019 (Close)

MARKET STATS