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D-LINK (INDIA) Plunges 6%; BSE IT Index Down 0.8%
Thu, 19 Sep 13:31

D-LINK (INDIA) Plunges 6%; BSE IT Index Down 0.8%Image source: ThinkNeo/www.istockphoto.com

D-LINK (INDIA) share price has plunged 6% and is presently trading at Rs 642.4.

Meanwhile, the BSE IT index is at 42,324.8 (down 0.8%).

Among the top losers in the BSE IT index today are INFIBEAM AVENUES (down 3.1%) and Oracle Financial Services (down 3.0%).

Firstsource Solutions (up 1.8%) and PERSISTENT SYSTEMS (up 1.3%) are among the top gainers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 323.8 to Rs 642.4, registering a gain of Rs 318.6 (up 98.4%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 42,324.8, registering a gain of 27.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 156.5%), Firstsource Solutions (up 84.2%) and PERSISTENT SYSTEMS (up 79.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,194.9 (up 0.3%).

The top gainers among the BSE Sensex today are NTPC (up 2.7%) and Nestle (up 2.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,411.4 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,194.9, registering a gain of 15,598.1 points (up 23.1%).

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 23.9.

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