INFO EDGE Share Price Up by 5%; BSE IT Index Up 0.2%

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INFO EDGE Share Price Up by 5%; BSE IT Index Up 0.2%
Fri, 23 Oct 01:32 PM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 3,570.

Meanwhile, the BSE IT Index is at 21,950 (up 0.2%).

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.1%).

PERSISTENT SYSTEMS (down 0.2%) and INFOSYS (down 0.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 2,401 to Rs 3,570, registering a gain of Rs 1,169 (up 48.7%).

On the other hand, the BSE IT has moved up from 14,370 to 21,950, registering a gain of 7,580 points (up 52.0%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 132.3%), L&T INFOTECH (up 92.4%) and INFIBEAM AVENUES (up 91.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,811 (up 0.4%).

The top gainers among the BSE Sensex stocks today are MARUTI SUZUKI (up 3.1%), TATA STEEL (up 2.8%) and POWER GRID (up 2.5%). Other gainers include TECH MAHINDRA (up 2.2%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are POWER GRID and ITC.

In the meantime, NSE Nifty is at 11,975 (up 0.4%). The top gainers in the NSE Nifty include TATA STEEL (up 2.9%), MARUTI SUZUKI (up 2.9%) and TATA MOTORS (up 2.6%). Other gainers include HDFC LIFE INSURANCE (up 2.5%) and ADANI PORTS & SEZ (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,964 to 40,811, registering a gain of 1,847 points (up 4.50%).

INFO EDGE Financial Update...

INFO EDGE net profit down at Rs 416 million for the quarter ended March 2020, compared to a loss of Rs 880 million a year ago. Net Sales rose 0.7% to Rs 3.2 billion during the period as against Rs 3.2 billion in January-March 2019.

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 211.8x.



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