INFO EDGE Surges by 5%; BSE IT Index Up 4.9%

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INFO EDGE Surges by 5%; BSE IT Index Up 4.9%
Tue, 7 Apr 09:32 AM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 2,148.

Meanwhile, the BSE IT Index is at 12,382 (up 4.9%).

Among the top Gainers in the BSE IT Index today are INFO EDGE (up 5.3%) and INFOSYS (up 5.9%).

PERSISTENT SYSTEMS (down 6.0%) is among the top loser today.

Over the last one year, INFO EDGE has moved up from Rs 1,840 to Rs 2,148, registering a gain of Rs 309 (up 14.9%).

On the other hand, the BSE IT has moved down from 15,619 to 12,382, loss of 3,237 points (down 20.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

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What About the Benchmark Indices?

The BSE Sensex is at 28,963 (up 3.9%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 15.0%), M&M (up 10.0%) and HCL TECHNOLOGIES (up 6.7%). Other gainers include AXIS BANK (up 6.6%) and ICICI BANK (up 6.5%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,468 (up 3.5%). The top gainers in the NSE Nifty include INDUSIND BANK (up 13.6%), M&M (up 10.0%) and HCL TECHNOLOGIES (up 6.9%). Other gainers include AXIS BANK (up 6.3%) and INFOSYS (up 5.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,877 to 28,963, registering a loss of 9,914 points (down 26.26%).

INFO EDGE Financial Update...

INFO EDGE net profit stood at Rs 880 million for the quarter ended December 2019, compared to a profit of Rs 743 million a year ago. Net Sales rose 14.0% to Rs 3.2 billion during the period as against Rs 2.8 billion in October-December 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 112.0x.



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