Market

Info Edge shares down 4.06% as Nifty gains

NEW DELHI: Shares of (India) Ltd. traded 4.06 per cent down in Tuesday’s trade at 02:16PM (IST). Around 58,203 shares changed hands on the counter.

The counter opened at Rs 5415.0 and touched an intraday high and low of Rs 5425.15 and Rs 5138.15, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 5876.05 and a 52-week low of Rs 2815.0.

As per BSE, the total market cap of the Info Edge (India) Ltd. stood at Rs 66748.81 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 359.33 crore for the quarter ended 31-Mar-2021, up 15.39 per cent from previous quarter’s Rs 311.42 crore and up 2.78 per cent from the year-ago quarter’s Rs 349.6 crore.

The net profit for latest quarter stood at Rs 306.22 crore, up 157.12 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2021, DIIs held 10.32 per cent stake in the firm, while foreign institutional investors held 39.33 per cent and the promoters 38.41 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 47.44 and a price-to-book ratio of 11.34. 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 Services – eCom/Internet industry.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button