Share price of Info Edge falls as Sensex gains 351.0 points

Share price of Info Edge falls as Sensex gains 351.0 points
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Synopsis

Promoters held 38.4 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 37.77 per cent and 10.96 per cent, respectively.

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
The share price of (India) Ltd. dropped 0.67 per cent to Rs 5599.85 at 01:14PM (IST) in Tuesday's trade. The stock has hit a high of Rs 5690.0 and low of Rs 5553.7 so far during the session. The stock had closed at Rs 5637.75 in the previous session.

The counter has had a total traded volume of 10370 shares so far with a value of Rs 5.8 crore on the NSE. It traded at a price-to-earnings multiple of 8.47 and a price-to-book ratio of 10.07.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 15.67 per cent during the past one year, while the 30-share index advanced 30.7 per cent during the same period.

Info Edge (India) Ltd. belongs to the Online Service/Marketplace industry.

Promotor/FII Holding
Promoters held 38.4 per cent stake in the company as of 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 37.77 per cent and 10.96 per cent, respectively.

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

Profit for the latest quarter stood at Rs 7371.22 crore, up 2147.13 per cent from the same quarter a year ago.

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