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CE INFO SYSTEMS Gains 4%; BSE IT Index Up 1.4%
Wed, 7 Aug 11:58

CE INFO SYSTEMS Gains 4%; BSE IT Index Up 1.4%Image source: asbe/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 4% and is presently trading at Rs 2,224.8.

Meanwhile, the BSE IT index is at 39,852.8 (up 1.4%).

Among the top gainers in the BSE IT index today are INFIBEAM AVENUES (up 4.5%) and Mphasis (up 3.3%).

ROUTE MOBILE (down 1.6%) and Mastek (down 0.9%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,588.9 to Rs 2,224.8, registering a gain of Rs 635.9 (up 40.0%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,852.8, registering a gain of 28.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 154.1%), INFIBEAM AVENUES (up 123.2%) and Firstsource Solutions (up 95.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,245.2 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.1%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,226.2 (up 1.0%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,245.2, registering a gain of 13,291.7 points (up 20.2%).

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 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 88.5.

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