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D-LINK (INDIA) Gains 5%; BSE IT Index Down 0.4%
Mon, 2 Dec 9:34

D-LINK (INDIA) Gains 5%; BSE IT Index Down 0.4%Image source: phive2015/www.istockphoto.com

D-LINK (INDIA) share price has zoomed 5% and is presently trading at Rs 591.9.

Meanwhile, the BSE IT index is at 42,604.2 (down 0.4%).

Among the top gainers in the BSE IT index today are Sonata Software (up 3.0%) and INTELLECT DESIGN (up 0.8%).

ROUTE MOBILE (down 1.8%) and INDIAMART INTERMESH (down 1.2%) are among the top losers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 307.4 to Rs 591.9, registering a gain of Rs 284.6 (up 92.6%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 42,604.2, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 192.4%), Firstsource Solutions (up 114.6%) and PERSISTENT SYSTEMS (up 86.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,340.7 (down 0.6%).

The top losers among the BSE Sensex today are Indusind Bank (down 1.4%) and HDFC Bank (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,034.6 (down 0.4%). ONGC and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,340.7, registering a gain of 13,166.5 points (up 19.9%).

D-LINK (INDIA) Financial Update...

D-LINK (INDIA) net profit grew 13.1% YoY to Rs 267 million for the quarter ended September 2024, compared to a profit of Rs 236 million a year ago. Net sales rose 9.3% to Rs 3,369 million during the period as against Rs 3,082 million in July-September 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 21.4.


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