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NETWEB TECHNOLOGIES Gains 6%; BSE IT Index Up 0.3%
Mon, 21 Oct 9:38

NETWEB TECHNOLOGIES Gains 6%; BSE IT Index Up 0.3%Image source: hudiemm/www.istockphoto.com

NETWEB TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 2,851.4.

Meanwhile, the BSE IT index is at 42,506.9 (up 0.3%).

Among the top gainers in the BSE IT index today are Tech Mahindra (up 3.3%) and L&T TECHNOLOGY SERVICES (up 2.5%).

INDIAMART INTERMESH (down 14.8%) and Mastek (down 3.3%) are among the top losers today.

Over the last one year, NETWEB TECHNOLOGIES has moved up from Rs 880.4 to Rs 2,851.4, registering a gain of Rs 1,971.0 (up 223.9%).

On the other hand, the BSE IT index has moved up from 32,265.5 to 42,506.9, registering a gain of 31.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.9%), Firstsource Solutions (up 103.4%) and PERSISTENT SYSTEMS (up 93.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,421.0 (up 0.2%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and HDFC Bank (up 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,819.7 (down 0.1%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,421.0, registering a gain of 14,992.9 points (up 22.6%).

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 166.0.


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