Info Edge shares up 0.54% as Nifty drops

NEW DELHI: Shares of Info Edge (India) Ltd. traded 0.54 per cent up in Friday's trade at 11:38AM (IST). Around 14,177 shares changed hands on the counter.

The counter opened at Rs 3865.05 and touched an intraday high and low of Rs 3898.0 and Rs 3842.0, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52-week high of Rs 6022.3 and a 52-week low of Rs 3314.0.

Total market cap of the Info Edge (India) Ltd. stood at Rs 50174.82 crore at the time of writing this report.

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 previous quarter's Rs 874.59 crore and down 77.38 per cent from the year-ago quarter's Rs 409.75 crore.

The net profit for latest quarter stood at Rs 103.01 crore, down 98.6 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 11.44 per cent stake in the company, while foreign institutional investors held 32.72 per cent and the promoters 38.11 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.11 and a price-to-book ratio of 3.37. 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.