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INFIBEAM AVENUES Gains 3%; BSE IT Index Down 2.1%
Mon, 5 Aug 9:52

INFIBEAM AVENUES Gains 3%; BSE IT Index Down 2.1%Image source: Chunumunu/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 3% and is presently trading at Rs 32.7.

Meanwhile, the BSE IT index is at 39,772.8 (down 2.1%).

Coforge (down 4.6%) and Mphasis (down 3.6%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 15.1 to Rs 32.7, registering a gain of Rs 17.7 (up 117.1%).

On the other hand, the BSE IT index has moved up from 30,586.1 to 39,772.8, registering a gain of 30.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 161.6%), INFIBEAM AVENUES (up 117.1%) and Firstsource Solutions (up 95.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,486.0 (down 1.8%).

The top losers among the BSE Sensex today are Tata Motors (down 4.3%) and Tata Steel (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.9 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,486.0, registering a gain of 13,026.7 points (up 19.6%).

INFIBEAM AVENUES Financial Update...

INFIBEAM AVENUES net profit grew 158.4% YoY to Rs 642 million for the quarter ended June 2024, compared to a profit of Rs 249 million a year ago. Net sales rose 1.4% to Rs 7,528 million during the period as against Rs 7,424 million in April-June 2023.

For the year ended March 2024, INFIBEAM AVENUES reported 14.4% increase in net profit to Rs 1,560 million compared to net profit of Rs 1,363 million during FY23. Revenue of the company grew 61.6% to Rs 31,711 million during FY24.

The current Price to earnings ratio of INFIBEAM AVENUES, based on rolling 12 month earnings, stands at 46.1.


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