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CE INFO SYSTEMS Plunges 6%; BSE IT Index Up 0.7%
Tue, 19 Nov 15:43

CE INFO SYSTEMS Plunges 6%; BSE IT Index Up 0.7%Image source: KanawatTH/www.istockphoto.com

CE INFO SYSTEMS share price has plunged 6% and is presently trading at Rs 1,649.8.

Meanwhile, the BSE IT index is at 41,392.5 (up 0.7%).

Among the top losers in the BSE IT index today are KPIT TECHNOLOGIES (down 1.6%) and Sonata Software (down 1.3%).

Eclerx Services (up 3.0%) and ROUTE MOBILE (up 2.1%) are among the top gainers today.

Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,127.4 to Rs 1,649.8, registering a loss of Rs 477.7 (down 22.5%).

On the other hand, the BSE IT index has moved up from 32,022.5 to 41,392.5, registering a gain of 29.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.7%), Firstsource Solutions (up 106.8%) and PERSISTENT SYSTEMS (up 82.2%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,578.4 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Tech Mahindra (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,518.5 (up 0.3%). M&M and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 77,578.4, registering a gain of 11,902.5 points (up 18.1%).

CE INFO SYSTEMS Financial Update...

CE INFO SYSTEMS net profit fell 8.6% YoY to Rs 307 million for the quarter ended September 2024, compared to a profit of Rs 336 million a year ago. Net sales rose 13.8% to Rs 1,037 million during the period as against Rs 911 million in July-September 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 65.3.


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