Info Edge shares up 2.19% as Nifty gains
Info Edge (India) Ltd. traded 2.19 per cent up in Friday's trade at 10:15AM (IST). Around 5,575 shares changed hands on the counter.
The counter opened at Rs 5076.3 and touched an intraday high and low of Rs 5240.05 and Rs 5076.3, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 5315.0 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 67414.09 crore at the time of writing this report.
Key Financials The company reported consolidated net 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, DIIs held 10.92 per cent stake in the firm, while foreign institutional investors held 31.22 per cent and the promoters 37.98 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of -2630.69 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.
