Info Edge Share Price: Info Edge shares up 0.78% as Nifty falls

Shares of (India) Ltd. rose 0.78 per cent to Rs 6664.55 in Tuesday’s trade. It hit an intraday high of Rs 6694.95 and low of Rs 6570.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 6984.95 and low of Rs 3280.0.

As of 10:25AM (IST), the counter saw total traded volume of 4,127 shares with a traded value of Rs 2.74 crore, according to NSE.



The stock had closed at Rs 6612.95 in the previous session.

The scrip has advanced 23.89 per cent in the past one month till date, while the benchmark BSE Sensex has gained 5.73 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 58.32 while price-to-book ratio stood at 12.04. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Online Service/Marketplace industry.

Promoter/FII Holding
Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 37.74 per cent and 11.35 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 380.14 crore for the quarter ended 30-Jun-2021, up 5.79 per cent from the previous quarter’s Rs 359.33 crore and up 23.07 per cent from the year-ago quarter’s Rs 308.89 crore. Its net profit for the latest quarter stood at Rs 152.34 crore, up 62.64 per cent from the same quarter a year ago.

Source Link