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INFIBEAM AVENUES Gains 4%; BSE IT Index Down 0.1%
Thu, 22 Aug 15:5

INFIBEAM AVENUES Gains 4%; BSE IT Index Down 0.1%Image source: Eoneren/www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 4% and is presently trading at Rs 32.3.

Meanwhile, the BSE IT index is at 42,215.2 (down 0.1%).

Among the top gainers in the BSE IT index today are Sonata Software (up 2.0%) and L&T TECHNOLOGY SERVICES (up 1.3%).

Eclerx Services (down 2.7%) and Firstsource Solutions (down 2.6%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 14.1 to Rs 32.3, registering a gain of Rs 18.3 (up 130.2%).

On the other hand, the BSE IT index has moved up from 31,180.8 to 42,215.2, registering a gain of 35.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.7%), INFIBEAM AVENUES (up 130.2%) and Firstsource Solutions (up 104.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,041.1 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.6%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,041.1, registering a gain of 15,825.1 points (up 24.3%).

INFIBEAM AVENUES Financial Update...

INFIBEAM AVENUES net profit grew 158.4% YoY to Rs 642 million for the quarter ended June 2024, compared to a profit of Rs 249 million a year ago. Net sales rose 1.4% to Rs 7,528 million during the period as against Rs 7,424 million in April-June 2023.

For the year ended March 2024, INFIBEAM AVENUES reported 14.4% increase in net profit to Rs 1,560 million compared to net profit of Rs 1,363 million during FY23. Revenue of the company grew 61.6% to Rs 31,711 million during FY24.

The current Price to earnings ratio of INFIBEAM AVENUES, based on rolling 12 month earnings, stands at 45.6.


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