Share price of Info Edge falls as Sensex gains 501.53 points

Share price of (India) Ltd. dropped 0.99 per cent to Rs 6652.85 at 02:22PM (IST) in Wednesday’s trade. The counter hit a high of Rs 6723.7 and low of Rs 6600.0 so far during the session. The stock had closed at Rs 6719.5 in the previous session.

The counter had a total traded volume of 02:22PM shares so far with a turnover of Rs 6.13 crore on BSE. The stock traded at a price-to-earnings multiple of 58.56 and a price-to-book ratio of 12.04.

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 38.41 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 37.74 per cent and 13.27 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 380.14 crore for the quarter ended 30-Jun-2021, up 5.79 per cent from the previous quarter’s Rs 359.33 crore and up 23.07 per cent from the year-ago quarter’s Rs 308.89 crore.

Its profit for the latest quarter stood at Rs 152.34 crore, up 62.64 per cent from the same quarter a year ago.

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