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CE INFO SYSTEMS Gains 6%; BSE IT Index Up 3.3%
Wed, 6 Nov 11:42

CE INFO SYSTEMS Gains 6%; BSE IT Index Up 3.3%Image source: Kameleon007 /www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 6% and is presently trading at Rs 2,004.8.

Meanwhile, the BSE IT index is at 41,788.6 (up 3.3%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 7.4%) and INTELLECT DESIGN (up 5.6%).

Firstsource Solutions (down 1.2%) is among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,103.5 to Rs 2,004.8, registering a loss of Rs 98.8 (down 4.7%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,788.6, registering a gain of 32.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 186.8%), Firstsource Solutions (up 128.9%) and PERSISTENT SYSTEMS (up 81.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,031.2 (up 0.7%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.6%) and TCS (up 3.5%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,381.8 (up 0.7%). TCS and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,031.2, registering a gain of 15,072.5 points (up 23.2%).

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 77.8.

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