Info Edge shares up 0.46% as Nifty gains
Info Edge (India) Ltd. rose 0.46 per cent to Rs 4453.9 in Tuesday's trade.
It hit an intraday high of Rs 4469.55 and low of Rs 4419.75, respectively, during the day.
The stock quoted a 52-week high price of Rs 4984.1 and low of Rs 3310.0.
As of 11:57AM (IST), the counter saw total traded volume of 1,781 shares with a traded value of Rs 7921.0 crore, according to NSE.
The stock had closed at Rs 4433.5 in the previous session.
The scrip has declined -8.82 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -2.63 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of -450.25 while price-to-book ratio stood at 3.59. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Online Service/Marketplace industry.
Promoter/FII Holding Promoters held 38.05 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 31.54 per cent and 10.34 per cent, respectively.
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 the previous quarter's Rs 169.69 crore and up 21.16 per cent from the year-ago quarter's Rs 874.59 crore. Its net profit for the latest quarter stood at Rs 158.6 crore, down 11.36 per cent from the same quarter a year ago.
