Info Edge shares down 0.22% as Nifty gains

NEW DELHI: Shares of Info Edge (India) Ltd. traded 0.22 per cent down in Tuesday's trade at 12:23PM (IST). Around 1,673 shares changed hands on the counter.

The counter opened at Rs 7501.3 and touched an intraday high and low of Rs 7528.75 and Rs 7453.45, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52-week high of Rs 7567.05 and a 52-week low of Rs 3973.15.

Total market cap of the Info Edge (India) Ltd. stood at Rs 96941.05 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 827.92 crore for the quarter ended 30-Jun-2024, up 2.37 per cent from previous quarter's Rs 808.72 crore and up 20.07 per cent from the year-ago quarter's Rs 689.54 crore.

The net profit for latest quarter stood at Rs 232.9 crore, up 46.85 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2024, DIIs held 10.98 per cent stake in the firm, while foreign institutional investors held 32.14 per cent and the promoters 37.88 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 149.25 and a price-to-book ratio of 2.39. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.