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

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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.



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