Info Edge (India) Ltd. shares down 2.86% as Nifty drops
A total of 4,944 shares changed hands on the counter till 01:02PM (IST).
By ETMarkets.com |
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NEW DELHI: Shares of Info Edge (India) Ltd. traded 2.86 per cent down in Friday's trade at 01:02PM (IST). Around 4,944 shares changed hands on the counter.
The stock opened at Rs 3270.0 and touched an intraday high and low of Rs 3305.95 and Rs 3177.0, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 3310.0 and a 52-week low of Rs 1580.0.
Total market cap of the Info Edge (India) Ltd. stood at Rs 39013.43 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 119.097 crore, down 63.68 per cent from the corresponding quarter last year.
As of 30-Jun-2020, DIIs held 11.12 per cent stake in the firm, 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 price-to-earnings multiple of -164.18 and a price-to-book ratio of 17.73. 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.
The stock opened at Rs 3270.0 and touched an intraday high and low of Rs 3305.95 and Rs 3177.0, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 3310.0 and a 52-week low of Rs 1580.0.
Total market cap of the Info Edge (India) Ltd. stood at Rs 39013.43 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 119.097 crore, down 63.68 per cent from the corresponding quarter last year.
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Shareholding pattern As of 30-Jun-2020, DIIs held 11.12 per cent stake in the firm, 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 price-to-earnings multiple of -164.18 and a price-to-book ratio of 17.73. 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.
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