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INFIBEAM AVENUES Gains 7%; BSE IT Index Down 1.3%
Thu, 3 Oct 12:37

INFIBEAM AVENUES Gains 7%; BSE IT Index Down 1.3%Image source: alexsl/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 7% and is presently trading at Rs 31.4.

Meanwhile, the BSE IT index is at 42,251.1 (down 1.3%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 1.3%) and CYIENT (up 0.1%).

PERSISTENT SYSTEMS (down 4.1%) and L&T TECHNOLOGY SERVICES (down 4.0%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 17.6 to Rs 31.4, registering a gain of Rs 13.8 (up 78.3%).

On the other hand, the BSE IT index has moved up from 31,998.7 to 42,251.1, registering a gain of 32.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.1%), Firstsource Solutions (up 89.6%) and PERSISTENT SYSTEMS (up 83.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,890.6 (down 1.6%).

The top losers among the BSE Sensex today are Asian Paints (down 3.8%) and Tata Motors (down 3.7%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,387.4 (down 1.6%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,890.6, registering a gain of 17,378.5 points (up 26.5%).

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 44.3.


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