Info Edge share price: Info Edge shares up 0.68% as Nifty gains

Shares of (India) Ltd. rose 0.68 per cent to Rs 5191.35 in Wednesday’s trade. It hit an intraday high of Rs 5240.4 and low of Rs 5157.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 5876.05 and low of Rs 2815.0.

As of 11:35AM (IST), the counter saw total traded volume of 12,940 shares with a traded value of Rs 6.73 crore, according to NSE.

The stock had closed at Rs 5156.1 in the previous session.

The scrip has advanced 10.94 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.0 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 47.48 while price-to-book ratio stood at 11.34. 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 Services – eCom/Internet industry.

Promoter/FII Holding
Promoters held 38.41 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 39.33 per cent and 10.32 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 359.33 crore for the quarter ended 31-Mar-2021, up 15.39 per cent from the previous quarter’s Rs 311.42 crore and up 2.78 per cent from the year-ago quarter’s Rs 349.6 crore. Its net profit for the latest quarter stood at Rs 306.22 crore, up 157.12 per cent from the same quarter a year ago.

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