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CE INFO SYSTEMS Gains 6%; BSE IT Index Up 0.5%
Mon, 12 Aug 14:31

CE INFO SYSTEMS Gains 6%; BSE IT Index Up 0.5%Image source: DNY59/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 6% and is presently trading at Rs 2,360.8.

Meanwhile, the BSE IT index is at 40,058.7 (up 0.5%).

Among the top gainers in the BSE IT index today are Mastek (up 3.5%) and KPIT TECHNOLOGIES (up 2.9%).

ROUTE MOBILE (down 2.7%) and INFIBEAM AVENUES (down 1.9%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,594.7 to Rs 2,360.8, registering a gain of Rs 766.1 (up 48.0%).

On the other hand, the BSE IT index has moved up from 31,105.6 to 40,058.7, registering a gain of 28.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 168.7%), INFIBEAM AVENUES (up 119.4%) and Firstsource Solutions (up 94.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,862.6 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 1.9%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,407.9 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,862.6, registering a gain of 14,016.1 points (up 21.3%).

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 91.0.

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