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Info Edge shares down 0.65% as Nifty gains

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NEW DELHI: Shares of (India) Ltd. traded 0.65 per cent down in Thursday’s trade at 01:00PM (IST). Around 9,597 shares changed hands on the counter.

The counter opened at Rs 5275.0 and touched an intraday high and low of Rs 5285.95 and Rs 5211.05, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52-week high of Rs 5876.05 and a 52-week low of Rs 3111.1.

As per BSE, the total market cap of the Info Edge (India) Ltd. stood at Rs 67225.31 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 359.33 crore for the quarter ended 31-Mar-2021, up 15.39 per cent from previous quarter’s Rs 311.42 crore and up 2.78 per cent from the year-ago quarter’s Rs 349.6 crore.

The net profit for latest quarter stood at Rs 306.22 crore, up 157.12 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2021, DIIs held 11.35 per cent stake in the firm, while foreign institutional investors held 37.74 per cent and the promoters 38.41 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 47.78 and a price-to-book ratio of 11.34. 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. belongs to the Online Service/Marketplace industry.

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