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E2E NETWORKS Gains 5%; BSE IT Index Up 0.6%
Thu, 7 Nov 9:25

E2E NETWORKS Gains 5%; BSE IT Index Up 0.6%Image source: Chunumunu/www.istockphoto.com

E2E NETWORKS share price has zoomed 5% and is presently trading at Rs 5,487.7.

Meanwhile, the BSE IT index is at 42,333.2 (up 0.6%).

Among the top gainers in the BSE IT index today are Mastek (up 2.5%) and TANLA SOLUTIONS (up 2.5%).

Firstsource Solutions (down 1.2%) and ZENSAR TECHNOLOGIES (down 1.2%) are among the top losers today.

Over the last one year, E2E NETWORKS has moved up from Rs 246.1 to Rs 5,487.7, registering a gain of Rs 5,241.6 (up 2,129.8%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,333.2, registering a gain of 34.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 191.8%), Firstsource Solutions (up 135.7%) and PERSISTENT SYSTEMS (up 85.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,329.2 (down 0.1%).

The top losers among the BSE Sensex today are ICICI Bank (down 0.7%) and Reliance Ind. (down 0.6%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,454.6 (down 0.1%). Hindalco and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,329.2, registering a gain of 15,370.5 points (up 23.7%).

E2E NETWORKS Financial Update...

E2E NETWORKS net profit grew 109.8% YoY to Rs 121 million for the quarter ended September 2024, compared to a profit of Rs 58 million a year ago. Net sales rose 119.6% to Rs 476 million during the period as against Rs 216 million in July-September 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 295.1.

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