Share price of Info Edge jumps as Sensex gains 180.65 points

The share price of Info Edge (India) Ltd. gained 0.55 per cent to Rs 3976.0 at 11:01AM (IST) in Monday’s trade. The stock has hit a high of Rs 4001.5 and low of Rs 3913.05 so far during the session. The stock had closed at Rs 3954.15 in the previous session.

The counter has had a total traded volume of 2246 shares so far with a value of Rs 0.89 crore on the NSE. It traded at a price-to-earnings multiple of 9.33 and a price-to-book ratio of 3.37.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 32.2 per cent during the past one year, while the 30-share index advanced 6.85 per cent during the same period.

(India) Ltd. belongs to the Online Service/Marketplace industry.

Promotor/FII Holding

Promoters held 38.11 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 32.72 per cent and 11.44 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 726.81 crore for the quarter ended 30-Sep-2022, down 16.9 per cent from the previous quarter’s Rs 874.59 crore and down 77.38 per cent from the year-ago quarter’s Rs 409.75 crore.

Profit for the latest quarter stood at Rs 103.01 crore, down 98.6 per cent from the same quarter a year ago.

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