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Info Edge Gains 5%; BSE IT Index Up 0.8%
Fri, 22 Nov 9:57

Info Edge Gains 5%; BSE IT Index Up 0.8%Image source: DNY59/www.istockphoto.com

Info Edge share price has zoomed 5% and is presently trading at Rs 7,849.0.

Meanwhile, the BSE IT index is at 41,864.4 (up 0.8%).

Among the top gainers in the BSE IT index today are Mphasis (up 3.0%) and Oracle Financial Services (up 2.7%).

TANLA SOLUTIONS (down 0.9%) and Firstsource Solutions (down 0.3%) are among the top losers today.

Over the last one year, Info Edge has moved up from Rs 4,765.4 to Rs 7,849.0, registering a gain of Rs 3,083.6 (up 64.7%).

On the other hand, the BSE IT index has moved up from 33,030.5 to 41,864.4, registering a gain of 26.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.9%), Firstsource Solutions (up 103.4%) and PERSISTENT SYSTEMS (up 79.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,394.8 (up 0.3%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.6%) and SBI (up 1.5%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.

In the meantime, NSE Nifty is at 23,455.1 (up 0.5%). APOLLO HOSPITALS and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,394.8, registering a gain of 11,739.6 points (up 17.9%).

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 148.0.


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