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CE INFO SYSTEMS Gains 5%; BSE IT Index Up 1.4%
Thu, 4 Jul 12:39

CE INFO SYSTEMS Gains 5%; BSE IT Index Up 1.4%Image source: phive2015/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 5% and is presently trading at Rs 2,432.9.

Meanwhile, the BSE IT index is at 38,656.1 (up 1.4%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 4.4%) and Mastek (up 4.3%).

Tech Mahindra (down 0.9%) and Wipro (down 0.8%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,188.5 to Rs 2,432.9, registering a gain of Rs 1,244.5 (up 104.7%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 38,656.1, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.3%), Birlasoft (up 103.8%) and PERSISTENT SYSTEMS (up 95.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,195.6 (up 0.3%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.7%) and ICICI Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,347.0 (up 0.3%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,195.6, registering a gain of 14,990.5 points (up 23.0%).

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 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 96.8.

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