INFO EDGE Share Price Up by 5%; BSE IT Index Up 1.7%

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INFO EDGE Share Price Up by 5%; BSE IT Index Up 1.7%
Thu, 14 Oct 11:43 AM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 7,180.

Meanwhile, the BSE IT Index is at 35,794 (up 1.7%).

Among the top Gainers in the BSE IT Index today are INFO EDGE (up 5.0%) and COFORGE (up 5.5%).

HCL TECHNOLOGIES (down 0.7%) and TCS (down 0.9%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 3,476 to Rs 7,180, registering a gain of Rs 3,704 (up 105.9%).

On the other hand, the BSE IT has moved up from 22,334 to 35,794, registering a gain of 13,460 points (up 58.5%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 325.8%), PERSISTENT SYSTEMS (up 225.2%) and ECLERX SERVICES (up 224.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,205 (up 0.7%).

The top gainers among the BSE Sensex stocks today are ITC (up 3.7%), TECH MAHINDRA (up 3.4%) and L&T (up 2.2%). Other gainers include POWER GRID (up 1.8%) and TATA STEEL (up 1.6%). The most traded stocks in the BSE Sensex are ITC and SBI.

In the meantime, NSE Nifty is at 18,320 (up 0.8%). The top gainers in the NSE Nifty include WIPRO (up 8.4%), ADANI PORTS & SEZ (up 5.4%) and GRASIM (up 4.4%). Other gainers include TECH MAHINDRA (up 3.5%) and ITC (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,594 to 61,205, registering a gain of 20,611 points (up 50.64%).

INFO EDGE Financial Update...

INFO EDGE net profit down at Rs 3 billion for the quarter ended June 2021, compared to a loss of Rs 8 billion a year ago. Net Sales rose 17.9% to Rs 3.3 billion during the period as against Rs 2.8 billion in April-June 2020.

For the year ended March 2021, INFO EDGE reported 235.4% increase in net profit to Rs 16.2 billion compared to net profit of Rs 4.8 billion during FY20.

Revenue of the company grew 14.6% to Rs 11 billion during FY21.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 51.6x.



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