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INFO EDGE at All Time High; BSE IT Index Up 0.7%

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INFO EDGE at All Time High; BSE IT Index Up 0.7%
Thu, 30 May 11:02 AM

INFO EDGE share price has hit an all-time high at Rs 2,107 (up 2.0%).

Meanwhile, the BSE IT Index is at 15,634 (up 0.7%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 2.0%) and ORACLE FINANCIAL (up 0.4%).

TECH MAHINDRA (down 0.3%) and PERSISTENT SYSTEMS (down 0.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,243 to Rs 2,107, registering a gain of Rs 864 (up 68.4%).

The BSE IT has moved up from 13,361 to 15,634, registering a gain of 2,273 points (up 16.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 45.9%), L&T TECHONOLOGY (up 32.6%) and TCS (up 21.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,759 (up 0.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.2%), BHARTI AIRTEL (up 1.8%) and YES BANK (up 1.6%). Other gainers include TCS (up 1.5%) and ASIAN PAINTS (up 1.2%). The most traded stocks in the BSE Sensex are NTPC and YES BANK.

In the meantime, NSE Nifty is at 11,928 (up 0.4%). The top gainers in the NSE Nifty include YES BANK (up 1.9%), BHARTI AIRTEL (up 1.6%) and TCS (up 1.5%). Other gainers include ASIAN PAINTS (up 1.3%) and UPL (up 1.2%).

Over the last 12 months, the BSE Sensex has moved up from 34,949 to 39,759, registering a gain of 4,810 points (up 13.6%).

INFO EDGE Financial Update...

INFO EDGE net profit down at Rs 663 million for the quarter ended March 2019, compared to a loss of Rs 743 million a year ago. Net Sales rose 4.1% to Rs 2.9 billion during the period as against Rs 2.8 billion in January-March 2018.

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 90.3x.

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