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D-LINK (INDIA) Gains 6%; BSE IT Index Up 0.5%
Wed, 11 Sep 11:51

D-LINK (INDIA) Gains 6%; BSE IT Index Up 0.5%Image source: asbe/www.istockphoto.com

D-LINK (INDIA) share price has zoomed 6% and is presently trading at Rs 674.1.

Meanwhile, the BSE IT index is at 43,442.1 (up 0.5%).

Among the top gainers in the BSE IT index today are CYIENT (up 3.4%) and Sonata Software (up 1.9%).

INFIBEAM AVENUES (down 4.8%) and INDIAMART INTERMESH (down 1.1%) are among the top losers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 344.2 to Rs 674.1, registering a gain of Rs 329.9 (up 95.8%).

On the other hand, the BSE IT index has moved up from 32,896.4 to 43,442.1, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 158.9%), Firstsource Solutions (up 91.1%) and PERSISTENT SYSTEMS (up 80.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,001.4 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.4%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 25,070.0 (up 0.1%). Bajaj Auto and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,001.4, registering a gain of 14,874.3 points (up 22.2%).

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 25.1.


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