Info Edge drops on profit booking

Info Edge (India) fell 2.82% to Rs 1,050 at 12:15 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 42.65 points, or 0.14% at 31,228.63.

On the BSE, 4,193 shares were traded on the counter so far as against the average daily volumes of 33,166 shares in the past one quarter. The stock had hit a high of Rs 1,080 and a low of Rs 1,042 so far during the day. The stock had hit a record high of Rs 1,126.70 on 7 June 2017 and a 52-week low of Rs 752 on 9 November 2016.

The stock had outperformed the market over the past one month till 7 June 2017, advancing 29.02% compared with the Sensex's 4.73% rise. The scrip had also outperformed the market over the past one quarter gaining 30.72% as against the Sensex's 7.83% rise. The scrip had also outperformed the market over the past one year advancing 36.08% as against the Sensex's 15.78% rise.

The large-cap company has equity capital of Rs 121.22 crore. Face value per share is Rs 10.

Info Edge (India) had rallied 19.35% in the preceding four trading sessions to settle at Rs 1,080.50 yesterday, 7 June 2017, from its closing of Rs 905.30 on 1 June 2017.

Info Edge (India)'s net profit fell 15.6% to Rs 32.87 crore on 8% increase in net sales to Rs 208.42 crore in Q4 March 2017 over Q4 March 2016.

Info Edge (India) is engaged in the business of internet-based service delivery operating in over four service verticals through web portals. Its service verticals include Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com.

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