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CE INFO SYSTEMS Gains 8%; BSE IT Index Up 0.5%
Tue, 23 Jul 14:38

CE INFO SYSTEMS Gains 8%; BSE IT Index Up 0.5%Image source: phive2015/www.istockphoto.com

CE INFO SYSTEMS share price has zoomed 8% and is presently trading at Rs 2,434.8.

Meanwhile, the BSE IT index is at 40,812.9 (up 0.5%).

Among the top gainers in the BSE IT index today are Birlasoft (up 2.3%) and ZENSAR TECHNOLOGIES (up 1.8%).

INTELLECT DESIGN (down 2.9%) and ROUTE MOBILE (down 2.2%) are among the top losers today.

Over the last one year, CE INFO SYSTEMS has moved up from Rs 1,457.9 to Rs 2,434.8, registering a gain of Rs 977.0 (up 67.0%).

On the other hand, the BSE IT index has moved up from 31,740.5 to 40,812.9, registering a gain of 28.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.4%), PERSISTENT SYSTEMS (up 86.7%) and INFIBEAM AVENUES (up 83.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,368.3 (down 0.2%).

The top losers among the BSE Sensex today are L&T (down 3.6%) and Bajaj Finance (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,368.3, registering a gain of 13,270.9 points (up 19.8%).

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 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 96.9.

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