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CE INFO SYSTEMS Gains 4%; BSE IT Index Up 0.6%
Fri, 27 Sep 14:28

CE INFO SYSTEMS Gains 4%; BSE IT Index Up 0.6%Image source: hudiemm/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 4% and is presently trading at Rs 2,165.3.

Meanwhile, the BSE IT index is at 42,909.2 (up 0.6%).

Among the top gainers in the BSE IT index today are HCl Tech. (up 1.7%) and INDIAMART INTERMESH (up 1.4%).

CYIENT (down 2.8%) and INTELLECT DESIGN (down 2.7%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,709.6 to Rs 2,165.3, registering a gain of Rs 455.7 (up 26.7%).

On the other hand, the BSE IT index has moved up from 32,740.4 to 42,909.2, registering a gain of 31.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.4%), Firstsource Solutions (up 96.3%) and PERSISTENT SYSTEMS (up 84.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 85,630.2 (down 0.2%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 2.9%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 26,185.8 (down 0.1%). Power Grid Corp. and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,630.2, registering a gain of 19,606.5 points (up 29.7%).

CE INFO SYSTEMS Financial Update...

CE INFO SYSTEMS net profit grew 13.6% YoY to Rs 364 million for the quarter ended June 2024, compared to a profit of Rs 321 million a year ago. Net sales rose 13.5% to Rs 1,015 million during the period as against Rs 894 million in April-June 2023.

For the year ended March 2024, CE INFO SYSTEMS reported 25.0% increase in net profit to Rs 1,344 million compared to net profit of Rs 1,075 million during FY23. Revenue of the company grew 34.8% to Rs 3,794 million during FY24.

The current Price to earnings ratio of CE INFO SYSTEMS, based on rolling 12 month earnings, stands at 84.0.

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