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INFIBEAM AVENUES Gains 4%; BSE IT Index Up 1.2%
Tue, 10 Sep 12:4

INFIBEAM AVENUES Gains 4%; BSE IT Index Up 1.2%Image source: Kameleon007 /www.istockphoto.com

INFIBEAM AVENUES share price has zoomed 4% and is presently trading at Rs 30.8.

Meanwhile, the BSE IT index is at 43,110.8 (up 1.2%).

Among the top gainers in the BSE IT index today are Coforge (up 4.4%) and LTIMINDTREE (up 2.8%).

KPIT TECHNOLOGIES (down 1.2%) and Eclerx Services (down 0.7%) are among the top losers today.

Over the last one year, INFIBEAM AVENUES has moved up from Rs 14.8 to Rs 30.8, registering a gain of Rs 16.1 (up 108.9%).

On the other hand, the BSE IT index has moved up from 32,626.6 to 43,110.8, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 165.1%), INFIBEAM AVENUES (up 108.9%) and Firstsource Solutions (up 90.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,840.0 (up 0.3%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.5%) and Infosys (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,024.6 (up 0.4%). Divis Laboratories and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,840.0, registering a gain of 15,959.5 points (up 24.2%).

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 43.5.

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