INFO EDGE share price has zoomed 6% and is presently trading at Rs 1,635.
Meanwhile, the BSE IT Index is at 15,127 (down 0.1%).
Among the top Gainers in the BSE IT Index today is INFO EDGE (up 6.2%).
TCS and ECLERX SERVICES (down 0.1%) are among the top losers today.
Over the last one year, INFO EDGE has moved up from Rs 948 to Rs 1,635, registering a gain of Rs 687 (up 69.8%).
On the other hand, the BSE IT has moved up from 9,953 to 15,127, registering a gain of 5,174 points (up 52.0%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 174.9%), KPIT TECHNOLOGIES (up 164.0%) and L&T INFOTECH LTD (up 154.5%).
Last 2 Days: Watch the Replay of Great Indian Wealth Project Special Event
The BSE Sensex is at 38,367 (up 0.1%).
The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 0.9%), ADANI PORTS & SEZ (up 0.8%) and AXIS BANK (up 0.8%). Other gainers include KOTAK MAH. BANK (up 0.5%) and WIPRO (up 0.5%). The most traded stocks in the BSE Sensex are KOTAK MAH. BANK and L&T.
In the meantime, NSE Nifty is at 11,575 (down 0.1%). AXIS BANK (up 1.1%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,568 to 38,367, registering a gain of 6,799 points (up 21.5%).
INFO EDGE net profit stood at Rs 630 million for the quarter ended June 2018, compared to a profit of Rs 533 million a year ago. Net Sales rose 14.3% to Rs 2.6 billion during the period as against Rs 2.3 billion in April-June 2017.
For the year ended March 2017, INFO EDGE reported 60.3% decrease in net profit to Rs 1.8 billion compared to net profit of Rs 4.5 billion during FY16.
Revenue of the company grew 18.7% to Rs 9 billion during FY17.
The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 107.7x. p >
What else is happening in the markets today? Dig in...
The market see-sawed during the week with both the bulls and bears swinging it out. But in the end, it was the bears who won. The Nifty ended the day, the week, and the month at 14,529.15.
Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).
JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).
UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.
A look at what India's top equity mutual funds bought and sold in January 2021.
Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More
Equitymaster requests your view! Post a comment on "INFO EDGE Surges by 6%; BSE IT Index Down 0.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!