Share price of Info Edge jumps as Sensex gains 602.44 points
Info Edge (India) Ltd. gained 4.23 per cent to Rs 4700.0 at 10:05AM (IST) in Wednesday's trade. The stock hit a high of Rs 4709.45 and low of Rs 4545.05 so far during the session.
The stock had closed at Rs 4509.2 in the previous session.
The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 1.96 crore on BSE. The stock traded at a price-to-earnings multiple of -2370.09 and a price-to-book ratio of 3.59.
A higher price-to-earnings ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Info Edge (India) Ltd.
belongs to the Online Service/Marketplace industry.
Promotor/FII Holding Promoters held 37.98 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 31.21 per cent and 18.24 per cent, respectively.
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 the previous quarter's Rs 689.54 crore and up 8.97 per cent from the year-ago quarter's Rs 726.81 crore.
