Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CE INFO SYSTEMS Gains 4%; BSE IT Index Down 0.8%
Thu, 7 Nov 15:33

CE INFO SYSTEMS Gains 4%; BSE IT Index Down 0.8%Image source: DNY59/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 4% and is presently trading at Rs 2,070.0.

Meanwhile, the BSE IT index is at 41,732.8 (down 0.8%).

Among the top gainers in the BSE IT index today are HAPPIEST MINDS TECHNOLOGIES (up 1.0%) and Eclerx Services (up 1.0%).

KPIT TECHNOLOGIES (down 3.4%) and Tech Mahindra (down 2.4%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,103.5 to Rs 2,070.0, registering a loss of Rs 33.5 (down 1.6%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,732.8, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.5%), Firstsource Solutions (up 137.4%) and PERSISTENT SYSTEMS (up 83.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,551.5 (down 1.0%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.4%) and Ultratech Cement (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,194.6 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,551.5, registering a gain of 14,592.8 points (up 22.5%).

CE INFO SYSTEMS Financial Update...

CE INFO SYSTEMS net profit grew 13.6% YoY to Rs 364 million for the quarter ended June 2024, compared to a profit of Rs 321 million a year ago. Net sales rose 13.5% to Rs 1,015 million during the period as against Rs 894 million in April-June 2023.

For the year ended March 2024, CE INFO SYSTEMS reported 25.0% increase in net profit to Rs 1,344 million compared to net profit of Rs 1,075 million during FY23. Revenue of the company grew 34.8% to Rs 3,794 million during FY24.

The current Price to earnings ratio of CE INFO SYSTEMS, based on rolling 12 month earnings, stands at 80.3.


Equitymaster requests your view! Post a comment on "CE INFO SYSTEMS Gains 4%; BSE IT Index Down 0.8%". Click here!