CE INFO SYSTEMS share price has plunged 4% and is presently trading at Rs 1,691.6.
Meanwhile, the BSE IT index is at 43,218.1 (up 1.0%).
Among the top losers in the BSE IT index today are KPIT TECHNOLOGIES (down 1.9%) and Firstsource Solutions (down 0.4%).
INTELLECT DESIGN (up 6.6%) and HAPPIEST MINDS TECHNOLOGIES (up 6.2%) are among the top gainers today.
Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,182.4 to Rs 1,691.6, registering a loss of Rs 490.8 (down 22.5%).
On the other hand, the BSE IT index has moved up from 32,787.7 to 43,218.1, registering a gain of 31.8% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 205.8%), Firstsource Solutions (up 116.4%) and PERSISTENT SYSTEMS (up 87.8%).
End of Year Sale: Save Rs 6,050 on our small cap research
The BSE Sensex is at 80,248.1 (up 0.6%).
The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).
CE INFO SYSTEMS net profit fell 8.6% YoY to Rs 307 million for the quarter ended September 2024, compared to a profit of Rs 336 million a year ago. Net sales rose 13.8% to Rs 1,037 million during the period as against Rs 911 million in July-September 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 67.0.
Equitymaster requests your view! Post a comment on "CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 1.0%". 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!