Share price of Info Edge falls as Sensex gains 71.05 points

Share price of (India) Ltd. dropped 0.01 per cent to Rs 5206.3 at 01:07PM (IST) in Friday's trade. The counter hit a high of Rs 5275.0 and low of Rs 5183.25 so far during the session. The stock had closed at Rs 5206.9 in the previous session.

The counter had a total traded volume of 01:07PM shares so far with a turnover of Rs 41.99 crore on BSE. The stock traded at a price-to-earnings multiple of 47.63 and a price-to-book ratio of 11.34.

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 38.41 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 37.74 per cent and 13.27 per cent, respectively.

Key Financials
The firm 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.