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INFIBEAM AVENUES Gains 4%; BSE IT Index Down 1.2%
Wed, 16 Oct 15:30

INFIBEAM AVENUES Gains 4%; BSE IT Index Down 1.2%Image source: hudiemm/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 4% and is presently trading at Rs 29.7.

Meanwhile, the BSE IT index is at 42,654.9 (down 1.2%).

Among the top gainers in the BSE IT index today are Sonata Software (up 2.1%) and ROUTE MOBILE (up 1.7%).

Coforge (down 3.3%) and Eclerx Services (down 2.5%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 21.0 to Rs 29.7, registering a gain of Rs 8.7 (up 41.2%).

On the other hand, the BSE IT index has moved up from 32,175.6 to 42,654.9, registering a gain of 32.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 181.5%), Firstsource Solutions (up 105.8%) and PERSISTENT SYSTEMS (up 92.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,486.8 (down 0.4%).

The top losers among the BSE Sensex today are M&M (down 2.9%) and Infosys (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,959.9 (down 0.4%). Trent and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,486.8, registering a gain of 15,319.9 points (up 23.2%).

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 41.8.

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