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NETWEB TECHNOLOGIES Gains 5%; BSE IT Index Up 1.9%
Tue, 19 Nov 10:17

NETWEB TECHNOLOGIES Gains 5%; BSE IT Index Up 1.9%Image source: alexsl/www.istockphoto.com

NETWEB TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 2,829.9.

Meanwhile, the BSE IT index is at 41,857.8 (up 1.9%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 5.1%) and Firstsource Solutions (up 3.3%).

Over the last one year, NETWEB TECHNOLOGIES has moved up from Rs 800.9 to Rs 2,829.9, registering a gain of Rs 2,029.0 (up 253.4%).

On the other hand, the BSE IT index has moved up from 32,022.5 to 41,857.8, registering a gain of 30.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.6%), Firstsource Solutions (up 114.1%) and PERSISTENT SYSTEMS (up 84.8%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,151.4 (up 1.1%).

The top gainers among the BSE Sensex today are M&M (up 3.6%) and MUNDRA PORT & SEZ (up 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,691.9 (up 1.0%). M&M and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,151.4, registering a gain of 12,475.5 points (up 19.0%).

NETWEB TECHNOLOGIES Financial Update...

NETWEB TECHNOLOGIES net profit grew 69.8% YoY to Rs 257 million for the quarter ended September 2024, compared to a profit of Rs 151 million a year ago. Net sales rose 73.2% to Rs 2,511 million during the period as against Rs 1,450 million in July-September 2023.

For the year ended March 2024, NETWEB TECHNOLOGIES reported 61.7% increase in net profit to Rs 759 million compared to net profit of Rs 469 million during FY23. Revenue of the company grew 62.7% to Rs 7,241 million during FY24.

The current Price to earnings ratio of NETWEB TECHNOLOGIES, based on rolling 12 month earnings, stands at 164.7.


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