Info Edge shares down 0.18% as Nifty gains

Info Edge shares down 0.18% as Nifty gains
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Synopsis

A total of 21,566 shares changed hands on the counter till 01:39PM (IST).

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: Shares of (India) Ltd. traded 0.18 per cent down in Thursday's trade at 01:39PM (IST). Around 21,566 shares changed hands on the counter.

The counter opened at Rs 5774.0 and touched an intraday high and low of Rs 5774.0 and Rs 5657.05, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 7462.95 and a 52-week low of Rs 4027.0.

Total market cap of the Info Edge (India) Ltd. stood at Rs 73762.39 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 409.75 crore for the quarter ended 30-Sep-2021, up 7.79 per cent from previous quarter's Rs 380.14 crore and up 41.35 per cent from the year-ago quarter's Rs 289.88 crore.

The net profit for latest quarter stood at Rs 7371.22 crore, up 2147.13 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 10.96 per cent stake in the firm, while foreign institutional investors held 37.77 per cent and the promoters 38.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 8.67 and a price-to-book ratio of 10.07. 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.

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