Info Edge shares down 0.04% as Nifty gains
Info Edge (India) Ltd. traded 0.04 per cent down in Friday's trade at 11:47AM (IST).
Around 2,626 shares changed hands on the counter.
The scrip opened at Rs 4260.05 and touched an intraday high and low of Rs 4377.5 and Rs 4260.05, respectively, in the session so far. The stock of Info Edge (India) Ltd.
quoted a 52-week high of Rs 4984.1 and a 52-week low of Rs 3310.0.
As per BSE, the total market cap of the Info Edge (India) Ltd. stood at Rs 55936.72 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 689.54 crore for the quarter ended 30-Jun-2023, up 306.36 per cent from previous quarter's Rs 169.69 crore and up 21.16 per cent from the year-ago quarter's Rs 874.59 crore.
The net profit for latest quarter stood at Rs 158.6 crore, down 11.36 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 10.34 per cent stake in the firm, while foreign institutional investors held 31.54 per cent and the promoters 38.05 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of -437.88 and a price-to-book ratio of 3.59.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Info Edge (India) Ltd.
