Info Edge shares drop 0.11% as Sensex rises
Info Edge (India) Ltd. traded 0.11 per cent down at Rs 7895.85 at 11:31AM (IST) on Tuesday, even as BSE benchmark Sensex gained 93.37 points to 83082.15. The stock had settled at Rs 7904.9 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 7955.0 and Rs 3973.15, respectively.
As per BSE data, total traded volume on the counter till 11:31AM (IST) stood at 11:31AM shares with turnover at Rs 1.08 crore.
At the prevailing price, shares of the company trades at 157.81 times its trailing 12-month EPS of Rs 50.2 per share and 2.39 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
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