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E2E NETWORKS Plunges 5%; BSE IT Index Up 0.6%
Tue, 27 Aug 14:41

E2E NETWORKS Plunges 5%; BSE IT Index Up 0.6%Image source: ThinkNeo/www.istockphoto.com

E2E NETWORKS share price has plunged 5% and is presently trading at Rs 2,494.3.

Meanwhile, the BSE IT index is at 42,696.2 (up 0.6%).

Among the top losers in the BSE IT index today are Firstsource Solutions (down 1.7%) and Mastek (down 1.1%).

Tata Elxsi (up 13.0%) and TANLA SOLUTIONS (up 3.6%) are among the top gainers today.

Over the last one year, E2E NETWORKS has moved up from Rs 246.1 to Rs 2,494.3, registering a gain of Rs 2,248.2 (up 913.5%).

On the other hand, the BSE IT index has moved up from 31,231.8 to 42,696.2, registering a gain of 36.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.8%), INFIBEAM AVENUES (up 118.1%) and PERSISTENT SYSTEMS (up 98.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,820.1 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.1%) and L&T (up 1.9%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,040.5 (up 0.1%). Shriram Transport and SBI LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,820.1, registering a gain of 16,386.8 points (up 25.0%).

E2E NETWORKS Financial Update...

E2E NETWORKS net profit grew 45.5% YoY to Rs 101 million for the quarter ended June 2024, compared to a profit of Rs 70 million a year ago. Net sales rose 112.4% to Rs 413 million during the period as against Rs 195 million in April-June 2023.

For the year ended March 2023, E2E NETWORKS reported 53.6% increase in net profit to Rs 99 million compared to net profit of Rs 65 million during FY22. Revenue of the company grew 27.6% to Rs 662 million during FY23.

The current Price to earnings ratio of E2E NETWORKS , based on rolling 12 month earnings, stands at 144.4.

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