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CE INFO SYSTEMS Gains 5%; BSE IT Index Up 1.0%
Tue, 26 Nov 12:16

CE INFO SYSTEMS Gains 5%; BSE IT Index Up 1.0%Image source: asbe/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 5% and is presently trading at Rs 1,721.8.

Meanwhile, the BSE IT index is at 43,568.9 (up 1.0%).

Among the top gainers in the BSE IT index today are Sonata Software (up 6.7%) and Birlasoft (up 4.1%).

Oracle Financial Services (down 2.0%) and Mastek (down 0.4%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,182.6 to Rs 1,721.8, registering a loss of Rs 460.8 (down 21.1%).

On the other hand, the BSE IT index has moved up from 33,147.7 to 43,568.9, registering a gain of 31.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.1%), Firstsource Solutions (up 116.7%) and PERSISTENT SYSTEMS (up 81.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,955.8 (down 0.2%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.8%) and Ultratech Cement (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,187.4 (down 0.1%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,955.8, registering a gain of 13,932.5 points (up 21.1%).

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 68.2.


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