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D-LINK (INDIA) Gains 5%; BSE IT Index Up 0.2%
Mon, 2 Sep 10:17

D-LINK (INDIA) Gains 5%; BSE IT Index Up 0.2%Image source: Chunumunu/www.istockphoto.com

D-LINK (INDIA) share price has zoomed 5% and is presently trading at Rs 614.2.

Meanwhile, the BSE IT index is at 43,585.2 (up 0.2%).

Among the top gainers in the BSE IT index today are TANLA SOLUTIONS (up 2.6%) and ZENSAR TECHNOLOGIES (up 2.4%).

Oracle Financial Services (down 1.9%) and Mastek (down 1.1%) are among the top losers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 334.9 to Rs 614.2, registering a gain of Rs 279.4 (up 83.4%).

On the other hand, the BSE IT index has moved up from 31,246.5 to 43,585.2, registering a gain of 39.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.5%), INFIBEAM AVENUES (up 108.0%) and PERSISTENT SYSTEMS (up 103.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,609.1 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.4%) and ITC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,305.2 (up 0.3%). Bajaj Finserv and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,609.1, registering a gain of 17,533.3 points (up 26.9%).

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 22.9.


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