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E2E NETWORKS Gains 5%; BSE IT Index Up 0.0%
Thu, 28 Nov 9:20

E2E NETWORKS  Gains 5%; BSE IT Index Up 0.0%Image source: hudiemm/www.istockphoto.com

E2E NETWORKS share price has zoomed 5% and is presently trading at Rs 4,680.4.

Meanwhile, the BSE IT index is at 43,655.6 .

Among the top gainers in the BSE IT index today are Sonata Software (up 2.0%) and PERSISTENT SYSTEMS (up 1.0%).

ROUTE MOBILE (down 1.2%) and Infosys (down 0.3%) are among the top losers today.

Over the last one year, E2E NETWORKS has moved up from Rs 246.1 to Rs 4,680.4, registering a gain of Rs 4,434.3 (up 1,801.8%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 43,655.6, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 195.4%), Firstsource Solutions (up 115.9%) and PERSISTENT SYSTEMS (up 88.9%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,281.6 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Ultratech Cement (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,274.2 . TATA STEEL 2% CCPS and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,281.6, registering a gain of 14,107.4 points (up 21.3%).

E2E NETWORKS Financial Update...

E2E NETWORKS net profit grew 109.8% YoY to Rs 121 million for the quarter ended September 2024, compared to a profit of Rs 58 million a year ago. Net sales rose 119.6% to Rs 476 million during the period as against Rs 216 million in July-September 2023.

For the year ended March 2024, E2E NETWORKS reported 120.7% increase in net profit to Rs 219 million compared to net profit of Rs 99 million during FY23. Revenue of the company grew 42.7% to Rs 945 million during FY24.

The current Price to earnings ratio of E2E NETWORKS , based on rolling 12 month earnings, stands at 251.7.


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