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CE INFO SYSTEMS Gains 11%; BSE IT Index Down 0.1%
Thu, 20 Jun 10:9

CE INFO SYSTEMS share price has zoomed 11% and is presently trading at Rs 2,200.1.

Meanwhile, the BSE IT index is at 35,810.7 (down 0.1%).

Among the top gainers in the BSE IT index today are Sonata Software (up 1.5%) and INDIAMART INTERMESH (up 0.9%).

ROUTE MOBILE (down 1.9%) and HCl Tech. (down 1.0%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,165.5 to Rs 2,200.1, registering a gain of Rs 1,034.6 (up 88.8%).

On the other hand, the BSE IT index has moved up from 29,077.0 to 35,810.7, registering a gain of 23.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 155.0%), Birlasoft (up 107.1%) and INFIBEAM AVENUES (up 102.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,240.0 (down 0.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.6%) and Bajaj Finance (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,494.2 (down 0.1%). HDFC LIFE INSURANCE and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,240.0, registering a gain of 14,071.7 points (up 22.3%).

CE INFO SYSTEMS Financial Update...

CE INFO SYSTEMS net profit grew 34.3% YoY to Rs 382 million for the quarter ended March 2024, compared to a profit of Rs 285 million a year ago. Net sales rose 47.5% to Rs 1,069 million during the period as against Rs 725 million in January-March 2023.

For the year ended March 2023, CE INFO SYSTEMS reported 23.5% increase in net profit to Rs 1,075 million compared to net profit of Rs 871 million during FY22. Revenue of the company grew 40.4% to Rs 2,815 million during FY23.

The current Price to earnings ratio of CE INFO SYSTEMS, based on rolling 12 month earnings, stands at 87.5.

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