Info Edge (India) Ltd. shares down 1.16% as Nifty gains

NEW DELHI: Shares of Info Edge (India) Ltd. traded 1.16 per cent down in Thursday's trade at 11:28AM (IST). Around 8,138 shares changed hands on the counter.

The scrip opened at Rs 3358.0 and touched an intraday high and low of Rs 3434.95 and Rs 3314.3, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52-week high of Rs 3434.95 and a 52-week low of Rs 1580.0.

Total market cap of the Info Edge (India) Ltd. stood at Rs 40734.17 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 327.6 crore for the quarter ended 31-Mar-2020, down 2.23 per cent from previous quarter's Rs 335.06 crore and down 7.83 per cent from the year-ago quarter's Rs 303.8 crore.

The net profit for latest quarter stood at Rs 119.1 crore, down 63.68 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2020, domestic institutional investors held 11.12 per cent stake in the company, while foreign institutional investors held 37.01 per cent and the promoters 40.37 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -171.42 and a price-to-book ratio of 18.52. 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 Services - eCom/Internet industry.