Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 1.0%
Mon, 2 Dec 15:52

CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 1.0%Image source: ThinkNeo/www.istockphoto.com

CE INFO SYSTEMS share price has plunged 4% and is presently trading at Rs 1,691.6.

Meanwhile, the BSE IT index is at 43,218.1 (up 1.0%).

Among the top losers in the BSE IT index today are KPIT TECHNOLOGIES (down 1.9%) and Firstsource Solutions (down 0.4%).

INTELLECT DESIGN (up 6.6%) and HAPPIEST MINDS TECHNOLOGIES (up 6.2%) are among the top gainers today.

Over the last one year, CE INFO SYSTEMS has moved down from Rs 2,182.4 to Rs 1,691.6, registering a loss of Rs 490.8 (down 22.5%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 43,218.1, registering a gain of 31.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 205.8%), Firstsource Solutions (up 116.4%) and PERSISTENT SYSTEMS (up 87.8%).

End of Year Sale: Save Rs 6,050 on our small cap research

What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

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 67.0.


Equitymaster requests your view! Post a comment on "CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 1.0%". Click here!