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D-LINK (INDIA) Gains 5%; BSE IT Index Up 0.5%
Mon, 12 Aug 14:42

D-LINK (INDIA) Gains 5%; BSE IT Index Up 0.5%Image source: Kameleon007 /www.istockphoto.com

D-LINK (INDIA) share price has zoomed 5% and is presently trading at Rs 564.2.

Meanwhile, the BSE IT index is at 40,058.9 (up 0.5%).

Among the top gainers in the BSE IT index today are Mastek (up 3.0%) and KPIT TECHNOLOGIES (up 2.6%).

ROUTE MOBILE (down 2.6%) and INFIBEAM AVENUES (down 1.9%) are among the top losers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 331.2 to Rs 564.2, registering a gain of Rs 233.0 (up 70.3%).

On the other hand, the BSE IT index has moved up from 31,105.6 to 40,058.9, registering a gain of 28.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.8%), INFIBEAM AVENUES (up 119.3%) and Firstsource Solutions (up 94.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,845.8 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.0%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,409.6 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,845.8, registering a gain of 13,999.3 points (up 21.3%).

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 21.0.


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