INFO EDGE at All Time High; BSE IT Index Down 0.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

INFO EDGE at All Time High; BSE IT Index Down 0.2%
Wed, 13 Mar 02:10 PM

INFO EDGE share price has hit an all-time high at Rs 1,907 (up 2.1%).

Meanwhile, the BSE IT Index is at 15,110 (down 0.2%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 2.1%) and L&T INFOTECH LTD (up 0.5%).

INTELLECT DESIGN (down 0.3%) and 8K MILES SOFT (down 0.5%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,223 to Rs 1,907, registering a gain of Rs 684 (up 53.1%).

The BSE IT has moved up from 12,582 to 15,110, registering a gain of 2,528 points (up 18.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 46.8%), TCS (up 30.7%) and TECH MAHINDRA (up 27.7%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 37,775 (up 0.6%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.2%), YES BANK (up 4.0%) and HDFC BANK (up 2.8%). Other gainers include BAJAJ FINANCE (up 1.7%) and HDFC (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and INDUSIND BANK.

In the meantime, NSE Nifty is at 11,349 (up 0.3%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.8%), YES BANK (up 3.6%) and HDFC BANK (up 2.4%). Other gainers include HCL TECHNOLOGIES (up 1.8%) and BAJAJ FINANCE (up 1.8%).

Over the last 12 months, the BSE Sensex has moved up from 33,918 to 37,775, registering a gain of 3,857 points (up 11.3%).

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 112.9x.

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "INFO EDGE at All Time High; BSE IT Index Down 0.2%". Click here!


Stock Market Updates

SGX Nifty Trades 32 Points Lower; Indicates Negative Open for Indian Stock Markets (Today's Market)

Aug 7, 2020 SGX Nifty

The SGX Nifty opened on a negative note today. At 8:15 am, it was trading down by 32 points, or 0.3% lower at 11,180 levels.

SGX Nifty Down 30 Points, RBI Monetary Policy Takeaways, Gold Hits Record High, and Top Buzzing Stocks Today (Today's Market)

Aug 7, 2020 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

Elon Musk Gives Us a Trading Opportunity(Fast Profits Daily)

Jul 28, 2020

Elon Musk made a statement recently which I believe, gives us a fast profit trading opportunity.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Aug 7, 2020 09:21 AM