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CE INFO SYSTEMS Gains 5%; BSE IT Index Down 0.2%
Tue, 30 Jul 9:46

CE INFO SYSTEMS Gains 5%; BSE IT Index Down 0.2%Image source: alexsl/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 5% and is presently trading at Rs 2,485.2.

Meanwhile, the BSE IT index is at 41,620.4 (down 0.2%).

Among the top gainers in the BSE IT index today are ROUTE MOBILE (up 2.3%) and Tech Mahindra (up 0.8%).

Oracle Financial Services (down 1.2%) and LTIMINDTREE (down 0.9%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,494.5 to Rs 2,485.2, registering a gain of Rs 990.7 (up 66.3%).

On the other hand, the BSE IT index has moved up from 30,120.6 to 41,620.4, registering a gain of 38.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 194.5%), INFIBEAM AVENUES (up 108.9%) and PERSISTENT SYSTEMS (up 103.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,407.3 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 4.3%) and Power Grid Corp. (up 4.0%). The most traded stocks in the BSE Sensex are Power Grid Corp. and NTPC.

In the meantime, NSE Nifty is at 24,883.3 (up 0.2%). Power Grid Corp. and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,407.3, registering a gain of 14,700.1 points (up 22.0%).

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 98.9.

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