INFO EDGE at All Time High; BSE IT Index Up 0.9%

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INFO EDGE at All Time High; BSE IT Index Up 0.9%
Wed, 24 Apr 02:34 PM

INFO EDGE share price has hit an all-time high at Rs 1,975 (up 2.3%).

Meanwhile, the BSE IT Index is at 15,850 (up 0.9%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 2.3%) and ORACLE FINANCIAL (up 0.9%).

TATA ELXSI (down 0.1%) and WIPRO (down 0.1%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,216 to Rs 1,975, registering a gain of Rs 759 (up 61.9%).

The BSE IT has moved up from 13,425 to 15,850, registering a gain of 2,425 points (up 18.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were L&T TECHONOLOGY (up 34.9%), WIPRO (up 30.7%) and TCS (up 27.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,827 (up 0.6%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.1%), ONGC (up 2.7%) and INDUSIND BANK (up 2.5%). Other gainers include YES BANK (up 1.5%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,661 (up 0.7%). The top gainers in the NSE Nifty include HPCL (up 4.6%), BPCL (up 3.0%) and ONGC (up 2.7%). Other gainers include IOC (up 2.7%) and INDUSIND BANK (up 2.6%).

Over the last 12 months, the BSE Sensex has moved up from 34,451 to 38,827, registering a gain of 4,376 points (up 12.6%).

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 118.7x.



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