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NETWEB TECHNOLOGIES Gains 5%; BSE IT Index Up 3.9%
Wed, 6 Nov 14:18

NETWEB TECHNOLOGIES Gains 5%; BSE IT Index Up 3.9%Image source: Kameleon007 /www.istockphoto.com

NETWEB TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 2,784.6.

Meanwhile, the BSE IT index is at 42,042.5 (up 3.9%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 8.3%) and KPIT TECHNOLOGIES (up 8.2%).

Over the last one year, NETWEB TECHNOLOGIES has moved up from Rs 781.4 to Rs 2,784.6, registering a gain of Rs 2,003.2 (up 256.4%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,042.5, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.6%), Firstsource Solutions (up 142.0%) and PERSISTENT SYSTEMS (up 82.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,404.9 (up 1.2%).

The top gainers among the BSE Sensex today are TCS (up 4.2%) and HCl Tech. (up 4.0%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,484.7 (up 1.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,404.9, registering a gain of 15,446.2 points (up 23.8%).

NETWEB TECHNOLOGIES Financial Update...

NETWEB TECHNOLOGIES net profit grew 69.8% YoY to Rs 257 million for the quarter ended September 2024, compared to a profit of Rs 151 million a year ago. Net sales rose 73.2% to Rs 2,511 million during the period as against Rs 1,450 million in July-September 2023.

For the year ended March 2024, NETWEB TECHNOLOGIES reported 61.7% increase in net profit to Rs 759 million compared to net profit of Rs 469 million during FY23. Revenue of the company grew 62.7% to Rs 7,241 million during FY24.

The current Price to earnings ratio of NETWEB TECHNOLOGIES, based on rolling 12 month earnings, stands at 162.1.


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