Share price of Info Edge falls as Nifty weakens

Share price of Info Edge falls as Nifty weakens
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Synopsis

A total of 8,679 shares changed hands on the counter till 01:14PM (IST).

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of Info Edge (India) Ltd. slipped 2.27 per cent to Rs 4651.65 in Wednesday's trade as of 01:14PM (IST).

The stock hit a high price of Rs 4815.25 and low of Rs 4606.75 during the session.

The return on equity (ROE) for the stock stood at 25.77 per cent. Traded volume on the counter stood at 01:14PM shares and turnover at Rs 4.08 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 533.88 crore for the quarter ended 31-Dec-2021, up 30.29 per cent from previous quarter's Rs 409.75 crore and up 71.43 per cent from the year-ago quarter's Rs 311.42 crore.

Net profit after tax for the latest quarter stood at Rs 4598.5 crore, up 577.07 per cent from the same quarter a year ago.

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