INFO EDGE at All Time High; BSE IT Index Up 0.7%

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INFO EDGE at All Time High; BSE IT Index Up 0.7%
Wed, 5 Aug 09:22 AM

INFO EDGE share price has hit an all-time high at Rs 3,333 (up 3.6%).

Meanwhile, the BSE IT Index is at 18,140 (up 0.7%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 3.6%) and L&T INFOTECH LTD (up 1.3%).

HCL TECHNOLOGIES and ORACLE FINANCIAL (down 0.1%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 2,151 to Rs 3,333, registering a gain of Rs 1,182 (up 54.1%).

The BSE IT has moved up from 15,639 to 18,140, registering a gain of 2,501 points (up 15.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 100.6%), PERSISTENT SYSTEMS (up 86.4%) and NIIT TECHNOLOGIES (up 61.8%).

RELEASED! Richa Agarwal's No. 1 Stock Pick for 2021

What About the Benchmark Indices?

The BSE Sensex is at 37,999 (up 0.8%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.8%), AXIS BANK (up 1.8%) and RELIANCE IND. (up 1.6%). Other gainers include TATA STEEL (up 1.5%) and BAJAJ FINANCE (up 1.4%). The most traded stocks in the BSE Sensex are HDFC and RELIANCE IND..

In the meantime, NSE Nifty is at 11,190 (up 0.8%). The top gainers in the NSE Nifty include HINDALCO (up 2.4%), INDUSIND BANK (up 2.2%) and TATA STEEL (up 2.1%). Other gainers include TATA MOTORS (up 2.0%) and AXIS BANK (up 1.8%).

Over the last 12 months, the BSE Sensex has moved up from 36,700 to 37,999, registering a gain of 1,299 points (up 3.5%).

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 196.7x.



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