The shares of E2E Networks Ltd experienced a sharp rise today, hitting the upper circuit. It began the day at Rs 230, a substantial 9.13% up compared to the previous day's closing price of Rs 210.75. The stock surged by 20% during the intraday session with significant volume.
While writing this article the shares of the company is up by Rs 42.15 and at Rs 252.90 on NSE. Moreover, it has touched a new 52-week high of Rs 252.90 today. The stock is trading in a blue-sky zone. The last all-time high price was Rs 228.70, created on December 14, 2022.
Upon analysing today's share volumes, it can be observed that there has been a significant increase in volumes in three days including today. The traded volume as of now is 13.77 Lakh as per NSE.
The stock's 52-week highs and lows stand at Rs 252.90 and Rs 128.10, respectively. With a market capitalisation of just Rs 366 Crore, the stock has displayed remarkable performance in recent times, delivering a 51% return month till data and an impressive 80% return in the last one year.
Financial Performance
If we check the company’s financials, in FY23 annual revenue experienced a substantial increase of 27.63% YoY, rising from Rs 51.87 Crore to Rs 66.20 Crore. The operating profit of the company stands at Rs 33.06 Crore, accompanied by an operating profit margin of 49.94%. Furthermore, the net profit of the company amounts to Rs 9.91 Crore.
The company's return on capital employed (ROCE) and return on equity (ROE) are at 28.6% and 22.6%, respectively. The Book value of the company is Rs 34, whereas the Price to book value is 7.41 times which signifies expensive in this price range. Furthermore, the price to earnings is 36.9 times.
Business Overview
E2E Networks Ltd is a cloud computing company based in India, specializing in providing advanced cloud services tailored for machine learning applications and critical workloads. The company's cloud platform offers accelerated cloud infrastructure accessible through a user-friendly self-service portal.
Additionally, the company offers a range of services such as content delivery network (CDN) services, Load Balancers, Firewalls, virtual private cloud (VPC), database as a service (DBaaS), Reserved Internet Protocol version 4 (IPv4), Object Storage, domain name system (DNS)/reserved domain name system (DNS), and more.
Its product offerings include CPU Intensive Cloud, High Memory Cloud, Linux Smart Dedicated, cPanel Linux Cloud, Windows Cloud, Windows SQL Cloud, Plesk Windows Cloud, GPU Smart Dedicated, and Load Balancer. These services cater to different performance and resource requirements, allowing customers to choose the most suitable cloud solution for their specific needs.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.