Share price of Info Edge jumps as Sensex gains 12.54 points

Share price of (India) Ltd. gained 0.01 per cent to Rs 5211.3 at 11:02AM (IST) in Friday’s trade. The stock hit a high of Rs 5266.75 and low of Rs 5200.45 so far during the session. The stock had closed at Rs 5210.6 in the previous session.

The counter had a total traded volume of 11:02AM shares so far with a turnover of Rs 2.75 crore on BSE. The stock traded at a price-to-earnings multiple of 47.67 and a price-to-book ratio of 11.34.

A higher price-to-earnings 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 Services – eCom/Internet industry.

Promotor/FII Holding

Promoters held 38.41 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 39.33 per cent and 11.25 per cent, respectively.

Key Financials

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

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

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