Info Edge (India) spurts after robust sequential results

Info Edge (India) jumped 11.68% to Rs 320.75 at 14:15 IST on BSE after net profit surged 363.72% to Rs 29.40 crore on 3.15% rise in total income from operations to Rs 120.76 crore in Q1 June 2013 over Q4 March 2013.

The result was announced during trading hours today, 18 July 2013.

Meanwhile, the S&P BSE Sensex was up 78.31 points, or 0.39%, to 20,027.04.

On BSE, 3.78 lakh shares were traded in the counter as against an average daily volume of 1,931 shares in the past one quarter.

The stock hit a high of Rs 330 and a low of Rs 293 so far during the day. The stock had hit a 52-week high of Rs 405.20 on 2 April 2013. The stock had hit a 52-week low of Rs 277.60 on 31 July 2012.

The stock had underperformed the market over the past one month till 17 July 2013, sliding 7.96% compared with the Sensex's 3.22% rise. The scrip had underperformed the market in past one quarter, falling 19.65% as against Sensex's 6.50% rise.

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

Info Edge (India)'s net profit fell 7.49% to Rs 29.40 crore on 13.95% rise in total income from operations to Rs 120.76 crore in Q1 June 2013 over Q1 June 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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