INFO EDGE at All Time High; BSE IT Index Up 1.0%
February 1, 2019 09:44 AM

INFO EDGE share price has hit an all-time high at Rs 1,784 (up 1.5%).

Meanwhile, the BSE IT Index is at 15,426 (up 1.0%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 1.5%) and TCS (up 0.2%).

ORACLE FINANCIAL SERVICES (down 0.1%) and CYIENT LTD (down 0.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,355 to Rs 1,784, registering a gain of Rs 429 (up 30.8%).

The BSE IT has moved up from 12,557 to 15,426, registering a gain of 2,869 points (up 22.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 56.0%), L&T INFOTECH LTD (up 39.6%) and L&T TECHONOLOGY SERVICES (up 32.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,388 (up 0.3%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 3.1%), BHARTI AIRTEL (up 2.4%) and HCL TECH. (up 2.4%). Other gainers include BAJAJ FINANCE (up 1.8%) and INFOSYS LTD (up 1.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and TATA MOTORS.

In the meantime, NSE Nifty is at 10,872 (up 0.3%). The top gainers in the NSE Nifty include HCL TECH. (up 2.8%), HERO MOTOCORP (up 2.7%) and BHARTI AIRTEL (up 2.4%). Other gainers include BAJAJ FINANCE (up 1.7%) and BAJAJ FINSERV (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 35,965 to 36,388, registering a gain of 423 points (up 1.1%).

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 106.9x.