Info Edge shares down 1.0% as Nifty drops

Info Edge shares down 1.0% as Nifty drops
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 8,366 shares changed hands on the counter till 01:14PM (IST).

Getty Images
India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
NEW DELHI: Shares of (India) Ltd. traded 1.0 per cent down in Thursday's trade at 01:14PM (IST). Around 8,366 shares changed hands on the counter.

The counter opened at Rs 5531.1 and touched an intraday high and low of Rs 5580.05 and Rs 5480.0, respectively, in the session so far. Shares of the company 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 71514.47 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 8.4 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.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Info Edge (India) Ltd.. Explore Now