Share price of Info Edge falls as Sensex drops 223.02 points

Share price of Info Edge (India) Ltd. dropped 0.99 per cent to Rs 4122.35 at 01:24PM (IST) in Tuesday's trade. The scrip hit a high of Rs 4153.65 and low of Rs 4105.7 so far during the session. The stock had closed at Rs 4163.65 in the previous session.

The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 0.83 crore on BSE. The stock traded at a price-to-earnings multiple of -416.89 and a price-to-book ratio of 3.59.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

Info Edge (India) Ltd. belongs to the Online Service/Marketplace industry.

Promotor/FII Holding
Promoters held 38.05 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 31.54 per cent and 17.75 per cent, respectively.

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

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