Share price of Info Edge jumps as Sensex gains 460.1 points

A total of 10,462 shares changed hands on the counter till 10:05AM (IST)

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Share price of Info Edge (India) Ltd. gained 3.42 per cent to Rs 5350.0 at 10:05AM (IST) in Friday's trade. The counter hit a high of Rs 5386.85 and low of Rs 5185.15 so far during the session. The stock had closed at Rs 5172.6 in the previous session.

The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 5.56 crore on BSE. The stock traded at a price-to-earnings multiple of -2656.73 and a price-to-book ratio of 3.59.

A higher price-to-earnings ratio shows 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 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.

Promotor/FII Holding
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Promoters held 37.98 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 31.21 per cent and 18.24 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 792.01 crore for the quarter ended 30-Sep-2023, up 14.86 per cent from the previous quarter's Rs 689.54 crore and up 8.97 per cent from the year-ago quarter's Rs 726.81 crore.

Its profit for the latest quarter stood at Rs 205.12 crore, up 99.14 per cent from the same quarter a year ago.
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