Info Edge stock price: Info Edge stock price drops as Sensex drops 617.5 points

The share price of Info Edge (India) Ltd. fell 2.56% to Rs 3,615.0 as of 2:10 PM (IST) in Tuesday trading. The stock has reached a high of Rs 3708.0 and a low of Rs 3590.7 so far during the session. The stock had closed at Rs 3710.1 in the previous session.

The counter has had a total trading volume of 10,935 shares so far with a value of Rs 3.96 crore on the NSE. It was trading at a price/earnings multiple of 3.65 and a price/book ratio of 3.37.

A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations.

The price-to-book ratio indicates the intrinsic value of a company and reflects the price that investors are willing to pay even if the company does not grow.

The certificate is down 22.52% over the past year, while the 30-stock index is up 7.07% over the same period.

(India) Ltd. belongs to the online services/marketplaces industry.

Promoter/Fii Holding

Promoters held 38.17% of the company’s capital as of March 31, 2022, while foreign investors and domestic institutional investors held 33.99% and 11.9% respectively.

Key financial data

The company reported consolidated sales of Rs 699.86 crore for the quarter ended March 31, 2022, up 31.09% from Rs 533.88 crore in the previous quarter and up 94.77% from to Rs 359.33 crore in the prior year quarter.

Profit for the last quarter stood at Rs 628.89 crore, up 105.37% from the same quarter a year ago.

Eleanor C. William