CE INFO SYSTEMS share price has plunged 4% and is presently trading at Rs 2,323.0.
Meanwhile, the BSE IT index is at 36,348.9 .
Among the top losers in the BSE IT index today are ROUTE MOBILE (down 1.6%) and Oracle Financial Services (down 1.3%).
KPIT TECHNOLOGIES (up 1.7%) and Sonata Software (up 1.2%) are among the top gainers today.
Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,239.4 to Rs 2,323.0, registering a gain of Rs 1,083.6 (up 87.4%).
On the other hand, the BSE IT index has moved up from 28,891.5 to 36,348.9, registering a gain of 25.8% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 150.7%), Birlasoft (up 104.6%) and ZENSAR TECHNOLOGIES (up 97.6%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 77,980.9 (down 0.1%).
The top losers among the BSE Sensex today are Tata Steel (down 1.7%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.
In the meantime, NSE Nifty is at 23,702.7 (down 0.1%). Hindalco and Tata Steel are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 77,980.9, registering a gain of 15,010.9 points (up 23.8%).
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 92.4.
Equitymaster requests your view! Post a comment on "CE INFO SYSTEMS Plunges 4%; BSE IT Index Down 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!