Info Edge shares drop 3.7% as Sensex rises

Shares of Info Edge (India) Ltd. traded 3.7 per cent down at Rs 4294.35 at 02:10PM (IST) on Monday, even as BSE benchmark Sensex gained 24.49 points to 65347.14. The stock had closed at Rs 4458.9 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 4984.1 and Rs 3310.0, respectively.

As per BSE data, total traded volume on the counter till 02:10PM (IST) stood at 02:10PM shares with turnover at Rs 983.0 crore.


At the current price, the stock trades at -434.85 times its trailing 12-month earnings per share of Rs -9.89 per share and 3.59 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details
Promoters held 38.05 per cent stake in the company as of 30-Jun-2023, while FIIs owned 31.54 per cent and DIIs 17.75 per cent.