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INFO EDGE Surges by 5%; BSE IT Index Up 0.3%

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INFO EDGE Surges by 5%; BSE IT Index Up 0.3%
Fri, 31 May 09:20 AM

INFO EDGE share price has zoomed 5% and is presently trading at Rs 2,190.

Meanwhile, the BSE IT Index is at 15,644 (up 0.3%).

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.3%).

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

Over the last one year, INFO EDGE has moved up from Rs 1,293 to Rs 2,190, registering a gain of Rs 897 (up 67.1%).

On the other hand, the BSE IT has moved up from 13,352 to 15,644, registering a gain of 2,292 points (up 17.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 47.3%), L&T TECHONOLOGY (up 33.5%) and TCS (up 22.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,999 (up 0.4%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 3.6%), TATA MOTORS DVR (up 1.6%) and YES BANK (up 1.3%). Other gainers include SUN PHARMA (up 1.0%) and TATA MOTORS (up 0.8%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 12,000 (up 0.5%). COAL INDIA (up 3.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,906 to 39,999, registering a gain of 5,093 points (up 14.6%).

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 93.3x.

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Stock Market Updates

Sensex Ends 587 Points Lower; Realty and Metal Stocks Witness Huge Selling (Today's Market)

Aug 22, 2019 Closing

India share markets continued to witness selling pressure during closing hours and ended their day deep in the red.

SADBHAV ENGINEERING Plunges by 5%; BSE CAPITAL GOODS Index Down 1.2% (Today's Market)

Aug 22, 2019 03:34 PM

SADBHAV ENGINEERING share price has plunged by 5% and its current market price is Rs 123. The BSE CAPITAL GOODS is down by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 1.8%) and HAVELLS IND (up 1.0%). The top losers are SADBHAV ENGINEERING (down 5.2%) and HEG (down 6.5%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 6.2% (Today's Market)

Aug 22, 2019 03:34 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 448. The BSE REALTY is down by 6.2%. The top gainers in the BSE REALTY Index are OMAXE LTD (up 3.0%) and PRESTIGE ESTATES (up 0.4%). The top losers are SUNTECK REALTY (down 5.0%) and OBEROI REALTY (down 5.5%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 6.2% (Today's Market)

Aug 22, 2019 03:32 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 448. The BSE REALTY is down by 6.2%. The top gainers in the BSE REALTY Index are OMAXE LTD (up 3.0%) and PRESTIGE ESTATES (up 0.4%). The top losers are SUNTECK REALTY (down 5.0%) and OBEROI REALTY (down 5.5%).

SADBHAV ENGINEERING Plunges by 5%; BSE CAPITAL GOODS Index Down 1.2% (Today's Market)

Aug 22, 2019 03:32 PM

SADBHAV ENGINEERING share price has plunged by 5% and its current market price is Rs 123. The BSE CAPITAL GOODS is down by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 1.8%) and HAVELLS IND (up 1.0%). The top losers are SADBHAV ENGINEERING (down 5.2%) and HEG (down 6.5%).

BAJAJ FINSERV Plunges by 5%; BSE 500 Index Down 1.7% (Today's Market)

Aug 22, 2019 03:32 PM

BAJAJ FINSERV share price has plunged by 5% and its current market price is Rs 7,185. The BSE 500 is down by 1.7%. The top gainers in the BSE 500 Index are PERSISTENT SYSTEMS (up 3.7%) and PI INDUSTRIES (up 3.1%). The top losers are BAJAJ FINSERV (down 5.3%) and GODFREY PHILLIPS (down 6.2%).

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