Share price of Info Edge falls as Nifty weakens

Shares of Info Edge (India) Ltd. slipped 0.83 per cent to Rs 4203.4 in Thursday's trade as of 12:17PM (IST).

The stock hit a high price of Rs 4284.95 and low of Rs 4187.3 during the session.

The return on equity (ROE) for the stock stood at -0.81 per cent. Traded volume on the counter stood at 12:17PM shares and turnover at Rs 1.12 crore around that time.

The stock of Info Edge (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 4984.1 and Rs 3310.0, 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 38.05 per cent stake in the company as of 30-Jun-2023, while foreign investors held 31.54 per cent and domestic institutional investors had 17.75 per cent.

Key Financials
The company reported consolidated sales of Rs 689.54 crore for the quarter ended 30-Jun-2023, up 306.36 per cent from previous quarter's Rs 169.69 crore and up 21.16 per cent from the year-ago quarter's Rs 874.59 crore.

Net profit after tax for the latest quarter stood at Rs 158.6 crore, down 11.36 per cent from the same quarter a year ago.