Info Edge (India) gains after a block deal

Info Edge (India) rose 1.53% to Rs 445 at 15:13 IST on BSE after a block deal of 1.25 lakh shares was executed in the counter on BSE at Rs 445 per share at 14:12 IST.

The block deal constitutes 0.11% of Info Edge (India)'s equity.

Meanwhile, the S&P BSE Sensex was up 216.29 points or 1.05% at 20,828.43.

On BSE, so far 1.27 lakh shares were traded in the counter as against average daily volume of 26,510 shares in the past one quarter.

The stock hit a high of Rs 450.90 and a low of Rs 439 so far during the day. The stock had hit a record high of Rs 484 on 2 December 2013. The stock had hit a 52-week low of Rs 285 on 3 July 2013.

The stock outperformed the market over the past one month till 17 December 2013, advancing 8.2% compared with the Sensex's 1.04% rise. The scrip had also outperformed the market in past one quarter, jumping 39.19% as against Sensex's 4.08% rise.

The mid-cap company has equity capital of Rs 109.18 crore. Face value per share is Rs 10.

Info Edge (India)'s net profit declined 0.2% to Rs 33.27 crore on 15.6% growth in net sales to Rs 123.01 crore in Q2 September 2013 over Q2 September 2012.

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

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