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CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 0.4%
Thu, 18 Jul 9:27

CE INFO SYSTEMS Plunges 4%; BSE IT Index Up 0.4%Image source: ThinkNeo/www.istockphoto.com

CE INFO SYSTEMS share price has plunged 4% and is presently trading at Rs 2,405.2.

Meanwhile, the BSE IT index is at 40,144.7 (up 0.4%).

Among the top losers in the BSE IT index today are L&T TECHNOLOGY SERVICES (down 1.3%) and Eclerx Services (down 0.9%).

LTIMINDTREE (up 2.8%) and ZENSAR TECHNOLOGIES (up 2.1%) are among the top gainers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,480.3 to Rs 2,405.2, registering a gain of Rs 924.9 (up 62.5%).

On the other hand, the BSE IT index has moved up from 31,378.2 to 40,144.7, registering a gain of 27.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 180.4%), PERSISTENT SYSTEMS (up 94.9%) and INFIBEAM AVENUES (up 91.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,609.7 (down 0.1%).

The top losers among the BSE Sensex today are Asian Paints (down 2.5%) and Tata Steel (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,542.6 (down 0.3%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,609.7, registering a gain of 14,019.8 points (up 21.1%).

CE INFO SYSTEMS Financial Update...

CE INFO SYSTEMS net profit grew 34.3% YoY to Rs 382 million for the quarter ended March 2024, compared to a profit of Rs 285 million a year ago. Net sales rose 47.5% to Rs 1,069 million during the period as against Rs 725 million in January-March 2023.

For the year ended March 2023, CE INFO SYSTEMS reported 23.5% increase in net profit to Rs 1,075 million compared to net profit of Rs 871 million during FY22. Revenue of the company grew 40.4% to Rs 2,815 million during FY23.

The current Price to earnings ratio of CE INFO SYSTEMS, based on rolling 12 month earnings, stands at 95.7.


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