Info Edge (India) corrects on profit booking

Info Edge (India) fell 3.60% to Rs 956 at 12:25 IST on BSE on profit booking after a recent rally.

Meanwhile, the BSE Sensex was down 87.57 points, or 0.31%, to 28,018.64.

On BSE, so far 6,609 shares were traded in the counter, compared with average daily volume of 15,356 shares in the past one quarter. The stock hit a high of Rs 1,002 and a low of Rs 945 so far during the day. The stock hit a 52-week high of Rs 1,012 on 6 October 2016. The stock hit a 52-week low of Rs 690 on 1 March 2016. The stock had outperformed the market over the past 30 days till 6 October 2016, rising 18.07% compared with 2.84% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.07% as against Sensex's 3.61% rise.

The large-cap company has equity capital of Rs 121.12 crore. Face value per share is Rs 10.

Shares of Info Edge (India) rose 16.72% in four trading sessions to settle at Rs 991.70 yesterday, 6 October 2016, from its close of Rs 849.65 on 30 September 2016.

Net profit of Info Edge (India) rose 54.94% to Rs 44.36 crore on 13.09% rise in net sales to Rs 197.60 crore in Q1 June 2016 over Q1 June 2015.

Info Edge (India) is among the leading internet companies in India. It runs leading internet businesses - Naukri.com - India's no. 1 job site, Jeevansathi.com - one of the leading matrimonial portals, 99acres.com - India's No.1 real estate portal and Shiksha.com - India's leading education portal.

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