INFO EDGE Surges by 5%; BSE IT Index Down 0.0%

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INFO EDGE Surges by 5%; BSE IT Index Down 0.0%
Tue, 22 Jan 03:20 PM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 1,639.

Meanwhile, the BSE IT Index is at 14,799 .

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.3%).

TCS (down 0.3%) and ECLERX SERVICES (down 0.5%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,411 to Rs 1,639, registering a gain of Rs 228 (up 15.7%).

On the other hand, the BSE IT has moved up from 12,490 to 14,799, registering a gain of 2,309 points (up 18.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 68.6%), L&T TECHONOLOGY SERVICES (up 63.0%) and L&T INFOTECH LTD (up 58.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,650 (down 0.4%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 5.2%), KOTAK MAH. BANK (up 1.9%) and BAJAJ FINANCE (up 1.1%). Other gainers include HERO MOTOCORP (up 1.1%) and INFOSYS LTD (up 0.2%). The most traded stocks in the BSE Sensex are SUN PHARMA and AXIS BANK.

In the meantime, NSE Nifty is at 10,950 (down 0.3%). SUN PHARMA (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,798 to 36,650, registering a gain of 852 points (up 1.8%).

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 109.8x.



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