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Indian Stock Market Updates December 9, 2020

INFO EDGE at All Time High; BSE IT Index Up 0.9%
Wed, 9 Dec 11:26 AM

INFO EDGE share price has hit an all-time high at Rs 4,435 (up 3.1%).

Meanwhile, the BSE IT Index is at 22,905 (up 0.9%).

Among the top gainers in the BSE IT Index today are INFO EDGE (up 3.1%) and L&T INFOTECH (up 0.4%).

HEXAWARE TECHNOLOGIES and WIPRO are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 2,484 to Rs 4,435, registering a gain of Rs 1,951 (up 77.3%).

The BSE IT has moved up from 15,020 to 22,905, registering a gain of 7,885 points (up 52.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were L&T INFOTECH (up 99.3%), MINDTREE (up 95.1%) and TATA ELXSI (up 94.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 45,965 (up 0.7%). The top gainers among the BSE Sensex stocks today are ITC (up 2.3%), ONGC (up 1.5%) and HCL TECHNOLOGIES (up 1.3%). Other gainers include NTPC (up 1.2%) and ASIAN PAINTS (up 1.2%). The most traded stocks in the BSE Sensex are ITC and ONGC.

In the meantime, NSE Nifty is at 13,495 (up 0.7%). The top gainers in the NSE Nifty include UPL (up 2.7%), ITC (up 2.3%) and TATA MOTORS (up 1.9%). Other gainers include COAL INDIA (up 1.9%) and IOC (up 1.6%).

Over the last 12 months, the BSE Sensex has moved up from 40,487 to 45,965, registering a gain of 5,478 points (up 13.4%).

INFO EDGE Financial Update...

INFO EDGE net profit down at Rs 416 million for the quarter ended March 2020, compared to a loss of Rs 880 million a year ago. Net Sales rose 0.7% to Rs 3.2 billion during the period as against Rs 3.2 billion in January-March 2019.

For the year ended March 2019, INFO EDGE reported 22.8% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.3 billion during FY18.

Revenue of the company grew 16.5% to Rs 12 billion during FY19.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 261.3x.

Stock Market Updates

Mutual Fund Buying Activity in February, Easy Trip Planners IPO, and Buzzing Stocks Today (Today's Market)

Mar 9, 2021 Pre-Open

Indian share markets ended their day on a flat note yesterday. At the closing bell yesterday, the BSE Sensex stood higher by 35 points (up 0.1%).

Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers (Today's Market)

Mar 8, 2021 Closing

Indian share markets end on a flat note with the Sensex ending up by 35 points and the Nifty ending up by 18 points.

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

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