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INFO EDGE at All Time High; BSE IT Index Up 0.8%

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INFO EDGE at All Time High; BSE IT Index Up 0.8%
Fri, 15 Mar 09:52 AM

INFO EDGE share price has hit an all-time high at Rs 1,917 (up 1.1%).

Meanwhile, the BSE IT Index is at 15,033 (up 0.8%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 1.1%) and TCS (up 0.9%).

TAKE SOLUTIONS (down 0.1%) and ECLERX SERVICES (down 0.2%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,280 to Rs 1,917, registering a gain of Rs 636 (up 49.6%).

The BSE IT has moved up from 12,416 to 15,033, registering a gain of 2,617 points (up 21.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 43.1%), TCS (up 39.0%) and TECH MAHINDRA (up 24.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,020 (up 0.6%). The top gainers among the BSE Sensex stocks today are SBI (up 1.8%), ICICI BANK (up 1.7%) and WIPRO (up 1.6%). Other gainers include INDUSIND BANK (up 1.5%) and POWER GRID (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,424 (up 0.6%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 3.7%), SBI (up 1.7%) and ICICI BANK (up 1.7%). Other gainers include INDUSIND BANK (up 1.5%) and WIPRO (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 33,836 to 38,020, registering a gain of 4,184 points (up 12.3%).

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 115.5x.

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