Info Edge shares up 1.2% as Nifty drops
Info Edge (India) Ltd. traded 1.2 per cent up in Thursday's trade at 10:55AM (IST). Around 2,312 shares changed hands on the counter.
The stock opened at Rs 4529.95 and touched an intraday high and low of Rs 4559.05 and Rs 4435.2, 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.
Total market cap of the Info Edge (India) Ltd. stood at Rs 58817.53 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 792.01 crore for the quarter ended 30-Sep-2023, up 14.86 per cent from previous quarter's Rs 689.54 crore and up 8.97 per cent from the year-ago quarter's Rs 726.81 crore.
The net profit for latest quarter stood at Rs 205.12 crore, up 99.14 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 10.92 per cent stake in the company, while foreign institutional investors held 31.21 per cent and the promoters 37.98 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of -2295.23 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.
