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INFIBEAM AVENUES Gains 5%; BSE IT Index Up 1.4%
Wed, 7 Aug 11:58

INFIBEAM AVENUES Gains 5%; BSE IT Index Up 1.4%Image source: Chunumunu/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 5% and is presently trading at Rs 32.5.

Meanwhile, the BSE IT index is at 39,862.7 (up 1.4%).

Among the top gainers in the BSE IT index today are Mphasis (up 3.1%) and TANLA SOLUTIONS (up 2.8%).

ROUTE MOBILE (down 1.6%) and Mastek (down 0.9%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 14.5 to Rs 32.5, registering a gain of Rs 17.9 (up 123.6%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,862.7, registering a gain of 28.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 154.1%), INFIBEAM AVENUES (up 123.6%) and Firstsource Solutions (up 95.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,240.3 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.1%) and JSW Steel (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,226.2 (up 1.0%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,240.3, registering a gain of 13,286.8 points (up 20.1%).

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 45.7.

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