Share price of Info Edge jumps as Sensex drops 495.86 points

Share price of Info Edge jumps as Sensex drops 495.86 points
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Synopsis

Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 36.37 per cent and 11.04 per cent, respectively.

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The share price of Info Edge (India) Ltd. gained 0.47 per cent to Rs 4448.7 at 10:25AM (IST) in Monday's trade. The stock has hit a high of Rs 4461.15 and low of Rs 4355.0 so far during the session. The stock had closed at Rs 4427.8 in the previous session.

The counter has had a total traded volume of 8335 shares so far with a value of Rs 3.66 crore on the NSE. It traded at a price-to-earnings multiple of 7.0 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 declined 13.93 per cent during the past one year, while the 30-share index advanced 10.04 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 31-Dec-2021, while foreign investors and domestic institutional investors ownership stood at 36.37 per cent and 11.04 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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