INFO EDGE at All Time High; BSE IT Index Down 0.3%

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INFO EDGE at All Time High; BSE IT Index Down 0.3%
Wed, 16 Sep 09:43 AM

INFO EDGE share price has hit an all-time high at Rs 3,580 (up 0.7%).

Meanwhile, the BSE IT Index is at 19,721 (down 0.3%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 0.7%) and ORACLE FINANCIAL (up 0.4%).

ZENSAR TECHNOLOGIES (down 0.2%) and MINDTREE (down 0.2%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,942 to Rs 3,580, registering a gain of Rs 1,638 (up 83.1%).

The BSE IT has moved up from 15,994 to 19,721, registering a gain of 3,727 points (up 22.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 108.4%), PERSISTENT SYSTEMS (up 97.5%) and TATA ELXSI (up 92.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,161 (up 0.1%). The top gainers among the BSE Sensex stocks today are M&M (up 2.9%), BAJAJ AUTO (up 2.5%) and MARUTI SUZUKI (up 1.3%). Other gainers include L&T (up 0.7%) and NESTLE (up 0.6%). The most traded stocks in the BSE Sensex are HDFC BANK and ITC.

In the meantime, NSE Nifty is at 11,547 (up 0.1%). The top gainers in the NSE Nifty include M&M (up 3.5%), BAJAJ AUTO (up 2.7%) and TATA MOTORS (up 2.7%). Other gainers include HERO MOTOCORP (up 2.1%) and EICHER MOTOR (up 1.8%).

Over the last 12 months, the BSE Sensex has moved up from 37,123 to 39,161, registering a gain of 2,038 points (up 5.3%).

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 210.9x.



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