INFO EDGE Surges by 5%; BSE IT Index Up 0.7%

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INFO EDGE Surges by 5%; BSE IT Index Up 0.7%
Mon, 3 Dec 09:54 AM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 1,630.

Meanwhile, the BSE IT Index is at 14,466 (up 0.7%).

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.0%).

FIRSTSOURCE SOL. (down 0.1%) and HCL TECH. (down 0.4%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,291 to Rs 1,630, registering a gain of Rs 339 (up 26.2%).

On the other hand, the BSE IT has moved up from 10,731 to 14,466, registering a gain of 3,735 points (up 34.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 70.9%), INTELLECT DESIGN (up 63.9%) and MINDTREE LTD (up 63.0%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 36,446 (up 0.5%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.9%), TATA STEEL (up 3.0%) and COAL INDIA (up 2.1%). Other gainers include NTPC (up 2.0%) and HUL (up 1.5%). The most traded stocks in the BSE Sensex are TATA MOTORS and NTPC.

In the meantime, NSE Nifty is at 10,941 (up 0.4%). VEDANTA LTD (up 3.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,149 to 36,446, registering a gain of 3,297 points (up 9.8%).

INFO EDGE Financial Update...

INFO EDGE net profit stood at Rs 781 million for the quarter ended September 2018, compared to a profit of Rs 533 million a year ago. Net Sales rose 16.7% to Rs 2.7 billion during the period as against Rs 2.3 billion in July-September 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 109.6x.



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