INFO EDGE share price has plunged 5% and is presently trading at Rs 4,802.
Meanwhile, the BSE IT Index is at 26,783 (down 2.4%).
Among the top losers in the BSE IT Index today is INFO EDGE (down 5.3%).
PERSISTENT SYSTEMS (up 2.3%) is among the top gainer today.
Over the last one year, INFO EDGE has moved up from Rs 2,187 to Rs 4,802, registering a gain of Rs 2,615 (up 119.6%)..
The BSE IT has moved up from 12,255 to 26,783, registering a gain of 14,528 points (up 118.5%) during the last 12 months.
The top buzzing stocks among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 758.5%), TATA ELXSI (up 249.2%) and FIRSTSOURCE SOLUTIONS (up 219.6%).
Watch Now: Get Details of Richa's 3 Dark Horse Stocks
The BSE Sensex is at 50,296 (down 0.8%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 2.0%). The most traded stocks in the BSE Sensex are ITC and TATA STEEL.
In the meantime, NSE Nifty is at 14,875 (down 0.7%). BAJAJ AUTO (up 2.4%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,390 to 50,296, registering a gain of 18,906 points (up 57.32%).
INFO EDGE net profit down at Rs 416 million for the quarter ended March 2020, compared to a loss of Rs 880 million a year ago. Net Sales rose 0.7% to Rs 3.2 billion during the period as against Rs 3.2 billion in January-March 2019.
For the year ended March 2019, INFO EDGE reported 22.8% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.3 billion during FY18.
Revenue of the company grew 16.5% to Rs 12 billion during FY19.
The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 267.6x.
What else is happening in the markets today? Dig in...
Share markets in India have erased all the early gains and are presently trading deep in the red.Benchmark indices pared early gains and slipped into the red in noon deals, weighed down by IT and pharma stocks, ahead of weekly F&O expiry.
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