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D-LINK (INDIA) Plunges 5%; BSE IT Index Up 0.7%
Tue, 18 Jun 11:51

D-LINK (INDIA) share price has plunged 5% and is presently trading at Rs 442.5.

Meanwhile, the BSE IT index is at 35,768.2 (up 0.7%).

Among the top losers in the BSE IT index today are Firstsource Solutions (down 2.6%) and INTELLECT DESIGN (down 2.4%).

Wipro (up 2.6%) and Oracle Financial Services (up 2.6%) are among the top gainers today.

Over the last one year, D-LINK (INDIA) has moved up from Rs 233.7 to Rs 442.5, registering a gain of Rs 208.8 (up 89.4%).

On the other hand, the BSE IT index has moved up from 29,222.8 to 35,768.2, registering a gain of 22.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 157.2%), INFIBEAM AVENUES (up 107.7%) and Birlasoft (up 102.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,276.1 (up 0.4%).

The top gainers among the BSE Sensex today are Wipro (up 2.6%) and Titan (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,539.3 (up 0.3%). Wipro and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,143.2 to 77,276.1, registering a gain of 14,132.9 points (up 22.4%).

D-LINK (INDIA) Financial Update...

D-LINK (INDIA) net profit grew 24.2% YoY to Rs 251 million for the quarter ended March 2024, compared to a profit of Rs 202 million a year ago. Net sales rose 7.2% to Rs 3,339 million during the period as against Rs 3,113 million in January-March 2023.

For the year ended March 2023, D-LINK (INDIA) reported 104.2% increase in net profit to Rs 864 million compared to net profit of Rs 423 million during FY22. Revenue of the company grew 28.6% to Rs 11,806 million during FY23.

The current Price to earnings ratio of D-LINK (INDIA), based on rolling 12 month earnings, stands at 17.0.

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