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E2E NETWORKS Plunges 5%; BSE IT Index Up 0.2%
Wed, 26 Jun 12:21

E2E NETWORKS Plunges 5%; BSE IT Index Up 0.2%Image source: bluebay2014/www.istockphoto.com

E2E NETWORKS share price has plunged 5% and is presently trading at Rs 1,732.8.

Meanwhile, the BSE IT index is at 36,407.2 (up 0.2%).

Among the top losers in the BSE IT index today are ROUTE MOBILE (down 2.6%) and INTELLECT DESIGN (down 2.1%).

KPIT TECHNOLOGIES (up 2.1%) and Eclerx Services (up 1.7%) are among the top gainers today.

Over the last one year, E2E NETWORKS has moved up from Rs 183.8 to Rs 1,732.8, registering a gain of Rs 1,549.0 (up 842.7%).

On the other hand, the BSE IT index has moved up from 28,891.5 to 36,407.2, registering a gain of 26.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 149.3%), Birlasoft (up 104.2%) and ZENSAR TECHNOLOGIES (up 96.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,498.2 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.3%) and Reliance Ind. (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,843.1 (up 0.5%). Ultratech Cement and Reliance Ind. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,498.2, registering a gain of 15,528.2 points (up 24.7%).

E2E NETWORKS Financial Update...

E2E NETWORKS net profit grew 39.2% YoY to Rs 35 million for the quarter ended March 2024, compared to a profit of Rs 25 million a year ago. Net sales rose 67.2% to Rs 294 million during the period as against Rs 176 million in January-March 2023.

For the year ended March 2023, E2E NETWORKS reported 53.6% increase in net profit to Rs 99 million compared to net profit of Rs 65 million during FY22. Revenue of the company grew 27.6% to Rs 662 million during FY23.

The current Price to earnings ratio of E2E NETWORKS , based on rolling 12 month earnings, stands at 114.8.

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