CE INFO SYSTEMS share price has zoomed 4% and is presently trading at Rs 2,070.0.
Meanwhile, the BSE IT index is at 41,732.8 (down 0.8%).
Among the top gainers in the BSE IT index today are HAPPIEST MINDS TECHNOLOGIES (up 1.0%) and Eclerx Services (up 1.0%).
KPIT TECHNOLOGIES (down 3.4%) and Tech Mahindra (down 2.4%) are among the top losers today.
Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,103.5 to Rs 2,070.0, registering a loss of Rs 33.5 (down 1.6%).
On the other hand, the BSE IT index has moved up from 31,589.8 to 41,732.8, registering a gain of 32.1% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.5%), Firstsource Solutions (up 137.4%) and PERSISTENT SYSTEMS (up 83.4%).
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The BSE Sensex is at 79,551.5 (down 1.0%).
The top losers among the BSE Sensex today are Tech Mahindra (down 2.4%) and Ultratech Cement (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,194.6 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,551.5, registering a gain of 14,592.8 points (up 22.5%).
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 80.3.
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