Info Edge shares down 1.82% as Nifty drops

NEW DELHI: Shares of Info Edge (India) Ltd. traded 1.82 per cent down in Wednesday's trade at 01:32PM (IST). Around 3,667 shares changed hands on the counter.

The stock opened at Rs 3724.0 and touched an intraday high and low of Rs 3724.0 and Rs 3620.0, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52-week high of Rs 5139.8 and a 52-week low of Rs 3314.0.

As per BSE, the total market cap of the Info Edge (India) Ltd. stood at Rs 47294.31 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 11.44 per cent stake in the firm, 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 8.58 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.