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INFO EDGE at All Time High; BSE IT Index Down 0.3%

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INFO EDGE at All Time High; BSE IT Index Down 0.3%
Wed, 27 Feb 03:20 PM

INFO EDGE share price has hit an all-time high at Rs 1,810 (up 4.1%).

Meanwhile, the BSE IT Index is at 15,523 (down 0.3%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 4.1%) and ORACLE FINANCIAL SERVICES (up 0.9%).

TATA ELXSI (down 0.4%) and 8K MILES SOFT (down 0.4%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,222 to Rs 1,810, registering a gain of Rs 588 (up 46.6%).

The BSE IT has moved up from 12,368 to 15,523, registering a gain of 3,155 points (up 24.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 59.2%), TCS (up 35.3%) and TECH MAHINDRA (up 34.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,371 (down 0.2%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 2.4%), SUN PHARMA (up 1.7%) and L&T (up 1.5%). Other gainers include AXIS BANK (up 1.3%) and M&M (up 1.2%). The most traded stocks in the BSE Sensex are SBI and SUN PHARMA.

In the meantime, NSE Nifty is at 10,940 (down 0.2%). The top gainers in the NSE Nifty include ULTRATECH CEMENT (up 2.7%), BAJAJ AUTO (up 2.2%) and UPL LIMITED (up 1.7%). Other gainers include SUN PHARMA (up 1.6%) and L&T (up 1.5%).

Over the last 12 months, the BSE Sensex has moved up from 34,446 to 36,371, registering a gain of 1,925 points (up 4.2%).

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 108.0x.

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