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CE INFO SYSTEMS Plunges 4%; BSE IT Index Down 0.2%
Fri, 19 Jul 15:27

CE INFO SYSTEMS Plunges 4%; BSE IT Index Down 0.2%Image source: ThinkNeo/www.istockphoto.com

CE INFO SYSTEMS share price has plunged 4% and is presently trading at Rs 2,271.5.

Meanwhile, the BSE IT index is at 40,628.5 (down 0.2%).

Among the top losers in the BSE IT index today are Mastek (down 6.3%) and PERSISTENT SYSTEMS (down 6.2%).

Infosys (up 1.9%) and Mphasis (up 1.2%) are among the top gainers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,480.3 to Rs 2,271.5, registering a gain of Rs 791.3 (up 53.5%).

On the other hand, the BSE IT index has moved up from 31,378.2 to 40,628.5, registering a gain of 29.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.6%), Birlasoft (up 88.7%) and PERSISTENT SYSTEMS (up 85.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,623.2 (down 0.9%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,528.8 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,623.2, registering a gain of 14,033.3 points (up 21.1%).

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 90.4.

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