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Info Edge Gains 4%; BSE IT Index Up 1.3%
Mon, 11 Nov 13:7

Info Edge Gains 4%; BSE IT Index Up 1.3%Image source: phive2015/www.istockphoto.com

Info Edge share price has zoomed 4% and is presently trading at Rs 7,995.3.

Meanwhile, the BSE IT index is at 42,502.5 (up 1.3%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 4.3%) and Oracle Financial Services (up 3.6%).

Sonata Software (down 4.4%) and Tata Elxsi (down 3.6%) are among the top losers today.

Over the last one year, Info Edge has moved up from Rs 4,339.3 to Rs 7,995.3, registering a gain of Rs 3,656.0 (up 84.3%).

On the other hand, the BSE IT index has moved up from 31,601.8 to 42,502.5, registering a gain of 34.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 200.9%), Firstsource Solutions (up 128.0%) and PERSISTENT SYSTEMS (up 83.7%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,789.9 (up 0.4%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 4.6%) and Tata Motors (up 2.0%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,233.9 (up 0.4%). Power Grid Corp. and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,789.9, registering a gain of 14,847.5 points (up 22.9%).

Info Edge Financial Update...

Info Edge net profit fell 45.1% YoY to Rs 1,723 million for the quarter ended September 2024, compared to a profit of Rs 3,141 million a year ago. Net sales rose 12.0% to Rs 7,008 million during the period as against Rs 6,258 million in July-September 2023.

For the year ended March 2024, Info Edge reported 943.8% increase in net profit to Rs 5,946 million compared to net loss of Rs 705 million during FY23. Revenue of the company grew 8.1% to Rs 25,363 million during FY24.

The current Price to earnings ratio of Info Edge, based on rolling 12 month earnings, stands at 150.8.


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