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INFIBEAM AVENUES Gains 5%; BSE IT Index Up 0.9%
Tue, 1 Oct 10:23

INFIBEAM AVENUES Gains 5%; BSE IT Index Up 0.9%Image source: phive2015/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 5% and is presently trading at Rs 29.2.

Meanwhile, the BSE IT index is at 42,730.3 (up 0.9%).

Among the top gainers in the BSE IT index today are Tech Mahindra (up 3.5%) and CYIENT (up 2.5%).

INTELLECT DESIGN (down 2.8%) and Oracle Financial Services (down 0.6%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 17.9 to Rs 29.2, registering a gain of Rs 11.3 (up 63.4%).

On the other hand, the BSE IT index has moved up from 32,745.6 to 42,730.3, registering a gain of 30.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.7%), Firstsource Solutions (up 91.7%) and PERSISTENT SYSTEMS (up 87.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,391.1 (up 0.1%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.5%) and Infosys (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,391.1, registering a gain of 18,272.4 points (up 27.6%).

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 41.2.


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