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INFO EDGE at All Time High; BSE IT Index Down 0.5%

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INFO EDGE at All Time High; BSE IT Index Down 0.5%
Mon, 25 Mar 10:10 AM

INFO EDGE share price has hit an all-time high at Rs 1,927 (up 1.5%).

Meanwhile, the BSE IT Index is at 15,262 (down 0.5%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 1.5%) and NIIT TECHNOLOGIES (up 0.3%).

MPHASIS (down 0.2%) and ECLERX SERVICES (down 0.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,247 to Rs 1,927, registering a gain of Rs 679 (up 53.9%).

The BSE IT has moved up from 12,151 to 15,262, registering a gain of 3,111 points (up 24.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 42.7%), TCS (up 40.8%) and TECH MAHINDRA (up 27.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,017 (down 0.9%). The top gainers among the BSE Sensex stocks today are MARUTI SUZUKI (up 0.6%) and COAL INDIA (up 0.4%). The most traded stocks in the BSE Sensex are COAL INDIA and MARUTI SUZUKI.

In the meantime, NSE Nifty is at 11,396 (down 0.8%). The top gainers in the NSE Nifty include HPCL (up 1.3%), IOC (up 1.2%) and DR. REDDYS LAB (up 1.0%). Other gainers include BPCL (up 0.9%) and MARUTI SUZUKI (up 0.5%).

Over the last 12 months, the BSE Sensex has moved up from 33,006 to 38,017, registering a gain of 5,011 points (up 14.6%).

INFO EDGE Financial Update...

INFO EDGE net profit stood at Rs 743 million for the quarter ended December 2018, compared to a profit of Rs 533 million a year ago. Net Sales rose 23.7% to Rs 2.8 billion during the period as against Rs 2.3 billion in October-December 2017.

For the year ended March 2018, INFO EDGE reported 29.7% increase in net profit to Rs 2.3 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 11.3% to Rs 10 billion during FY18.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 115.8x.

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