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E2E NETWORKS Plunges 5%; BSE IT Index Down 0.5%
Tue, 8 Oct 9:25

E2E NETWORKS Plunges 5%; BSE IT Index Down 0.5%Image source: phive2015/www.istockphoto.com

E2E NETWORKS share price has plunged 5% and is presently trading at Rs 2,784.3.

Meanwhile, the BSE IT index is at 42,279.9 (down 0.5%).

Among the top losers in the BSE IT index today are Eclerx Services (down 1.7%) and CYIENT (down 1.7%).

Firstsource Solutions (up 0.7%) and ZENSAR TECHNOLOGIES (up 0.5%) are among the top gainers today.

Over the last one year, E2E NETWORKS has moved up from Rs 246.1 to Rs 2,784.3, registering a gain of Rs 2,538.2 (up 1,031.4%).

On the other hand, the BSE IT index has moved up from 32,100.0 to 42,279.9, 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 169.9%), Firstsource Solutions (up 86.6%) and PERSISTENT SYSTEMS (up 84.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,036.7 .

The top losers among the BSE Sensex today are Tata Steel (down 4.0%) and Tata Motors (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,810.0 (up 0.1%). M&M and Hindustan Unilever are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,036.7, registering a gain of 15,810.7 points (up 24.2%).

E2E NETWORKS Financial Update...

E2E NETWORKS net profit grew 45.5% YoY to Rs 101 million for the quarter ended June 2024, compared to a profit of Rs 70 million a year ago. Net sales rose 112.4% to Rs 413 million during the period as against Rs 195 million in April-June 2023.

For the year ended March 2024, E2E NETWORKS reported 120.7% increase in net profit to Rs 219 million compared to net profit of Rs 99 million during FY23. Revenue of the company grew 42.7% to Rs 945 million during FY24.

The current Price to earnings ratio of E2E NETWORKS , based on rolling 12 month earnings, stands at 187.8.

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