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D-LINK (INDIA) Gains 5%; BSE IT Index Down 0.3%
Wed, 30 Oct 14:12

D-LINK (INDIA) Gains 5%; BSE IT Index Down 0.3%Image source: DNY59/www.istockphoto.com

D-LINK (INDIA) share price has zoomed 5% and is presently trading at Rs 543.1.

Meanwhile, the BSE IT index is at 41,636.8 (down 0.3%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 3.8%) and Oracle Financial Services (up 3.2%).

Infosys (down 1.7%) and HCl Tech. (down 1.2%) are among the top losers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 293.9 to Rs 543.1, registering a gain of Rs 249.3 (up 84.8%).

On the other hand, the BSE IT index has moved up from 31,119.8 to 41,636.8, registering a gain of 33.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 191.4%), Firstsource Solutions (up 117.7%) and PERSISTENT SYSTEMS (up 85.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,014.2 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 1.7%) and Axis Bank (down 1.4%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,355.6 (down 0.5%). Cipla and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,014.2, registering a gain of 15,901.6 points (up 24.8%).

D-LINK (INDIA) Financial Update...

D-LINK (INDIA) net profit grew 12.6% YoY to Rs 236 million for the quarter ended June 2024, compared to a profit of Rs 210 million a year ago. Net sales rose 15.4% to Rs 3,458 million during the period as against Rs 2,996 million in April-June 2023.

For the year ended March 2024, D-LINK (INDIA) reported 7.3% increase in net profit to Rs 926 million compared to net profit of Rs 864 million during FY23. Revenue of the company grew 4.7% to Rs 12,357 million during FY24.

The current Price to earnings ratio of D-LINK (INDIA), based on rolling 12 month earnings, stands at 20.2.


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