Info Edge (India) corrects on profit booking

Info Edge (India) fell 4.13% to Rs 861.65 at 13:35 IST on BSE on profit booking after the stock jumped 9.32% in the preceding four trading sessions to Rs 898.80 on 29 December 2015, from a recent low of Rs 822.15 on 22 December 2015.

Meanwhile, the BSE Sensex was down 15.93 points, or 0.06%, to 26,063.55.

On BSE, so far 3,008 shares were traded in the counter, compared with an average volume of 15,547 shares in the past one quarter.

The stock hit a high of Rs 885 and a low of Rs 855 so far during the day. The stock hit a 52-week high of Rs 962 on 5 March 2015. The stock hit a 52-week low of Rs 700 on 13 May 2015.

The stock had outperformed the market over the past one month till 29 December 2015, rising 10.51% compared with 0.19% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.38% as against Sensex's 1.17% rise.

The large-cap company has an equity capital of Rs 120.72 crore. Face value per share is Rs 10.

Net profit of Info Edge (India) rose 2% to Rs 33.91 crore on 18% rise in net sales to Rs 174.11 crore in Q2 September 2015 over Q2 September 2014.

Info Edge (India) is India's premier on-line classifieds company in recruitment, matrimony, real estate, education and related services.

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