Info Edge shares drop 3.7% as Sensex rises
Info Edge (India) Ltd. traded 3.7 per cent down at Rs 4294.35 at 02:10PM (IST) on Monday, even as BSE benchmark Sensex gained 24.49 points to 65347.14.
The stock had closed at Rs 4458.9 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4984.1 and Rs 3310.0, respectively.
As per BSE data, total traded volume on the counter till 02:10PM (IST) stood at 02:10PM shares with turnover at Rs 983.0 crore. At the current price, the stock trades at -434.85 times its trailing 12-month earnings per share of Rs -9.89 per share and 3.59 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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