Share price of Info Edge falls as Sensex gains 309.34 points

Share price of Info Edge (India) Ltd. dropped 0.2 per cent to Rs 3712.0 at 01:32PM (IST) in Friday's trade. The stock hit a high of Rs 3735.0 and low of Rs 3652.1 so far during the session. The stock had closed at Rs 3719.3 in the previous session.

The counter had a total traded volume of 01:32PM shares so far with a turnover of Rs 2.31 crore on BSE. The stock traded at a price-to-earnings multiple of 8.7 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 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 38.11 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 32.72 per cent and 16.37 per cent, respectively.

Key Financials
The firm 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.

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