Info Edge shares gain 0.87% as Sensex rises

Info Edge shares gain 0.87% as Sensex rises
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Synopsis

A total of 2,581 shares changed hands on the counter till 10:46AM (IST)

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Info Edge (India) Ltd. traded 0.87 per cent up at Rs 4340.6 at 10:46AM (IST) on Tuesday, even as BSE benchmark Sensex gained 369.63 points to 60484.76. The scrip had settled at Rs 4303.25 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 7462.95 and Rs 3314.0, respectively.

As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 10:46AM shares with turnover at Rs 1.11 crore.

At the prevailing price, the stock trades at 4.38 times its trailing 12-month earnings per share of Rs 990.63 per share and 3.37 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 38.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 32.72 per cent and DIIs 16.37 per cent.
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