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NETWEB TECHNOLOGIES Gains 6%; BSE IT Index Up 0.4%
Wed, 19 Jun 15:13

NETWEB TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 2,689.1.

Meanwhile, the BSE IT index is at 35,856.7 (up 0.4%).

Among the top gainers in the BSE IT index today are Coforge (up 2.4%) and Mastek (up 2.1%).

INFIBEAM AVENUES (down 1.9%) and LTIMINDTREE (down 1.5%) are among the top losers today.

Over the last one year, NETWEB TECHNOLOGIES has moved up from Rs 0.0 to Rs 2,689.1, registering a gain of Rs 2,689.1 .

On the other hand, the BSE IT index has moved up from 29,174.5 to 35,856.7, registering a gain of 22.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 152.8%), INFIBEAM AVENUES (up 109.2%) and Birlasoft (up 104.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,245.6 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 3.3%) and L&T (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,516.0 (down 0.2%). Titan and L&T are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,245.6, registering a gain of 14,017.1 points (up 22.2%).

NETWEB TECHNOLOGIES Financial Update...

NETWEB TECHNOLOGIES net profit fell {profitpercent} YoY to Rs 297 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 2,659 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2023, NETWEB TECHNOLOGIES reported 109.0% increase in net profit to Rs 469 million compared to net profit of Rs 225 million during FY22. Revenue of the company grew 80.1% to Rs 4,450 million during FY23.

The current Price to earnings ratio of NETWEB TECHNOLOGIES, based on rolling 12 month earnings, stands at 199.7.

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