Share price of Info Edge rises as Nifty weakens

Share price of Info Edge rises as Nifty weakens
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Synopsis

A total of 23,069 shares changed hands on the counter till 12:34PM (IST).

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of (India) Ltd. gained 0.32 per cent to Rs 4517.2 in Tuesday's trade as of 12:34PM (IST).

The stock hit a high price of Rs 4652.7 and low of Rs 4324.1 during the session.

The return on equity (ROE) for the stock stood at 25.77 per cent. Traded volume on the counter stood at 12:34PM shares and turnover at Rs 10.39 crore around that time.

The stock of Info Edge (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 7462.95 and Rs 4027.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding
Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while overseas investors held 36.37 per cent and domestic institutional investors had 14.37 per cent.

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.

Net profit after tax 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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