Info Edge (India) Ltd shares today zoomed 3.10% on Bombay Stock Exchange (BSE) to settle at Rs 7943.20 per share. The Board of Directors gave their approval to stock split/sub-division of shares in the proportion of 1:5 implying 1 share will be sub-divided into 5 new shares. The company has yet to declare the record date for stock split. Meanwhile, Info Edge shares witnessed rally of 9.79% in last 2-weeks and 53.49% in last 1-year.
The company has a market capitalisation of Rs 1,02,931.26 crore. Its return on equity (ROE) stood at 2.10%, according to BSE. Check more details below:
Info Edge Approves Stock Split
According to the regulatory filing of Info Edge dated February 5, 2025, “the Board of Directors of the Company at their meeting held today i.e., on Wednesday, February 5, 2025, have inter alia considered and approved:
sub-division/split of the existing 1 (one) equity share of the Company having face value of Rs. 10/- (Rupees Ten only) each fully paid- up, into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, fully paid- up, by alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of the shareholders by way of Postal Ballot and any regulatory/ statutory approvals, as may be required under applicable laws.”
Info Edge Gives Update On Record Date For Sub-Division
The exchange filing added, “The record date for the purpose of the sub-division/split of equity shares shall be decided after taking aforesaid approval of the shareholders of the Company and the same will be intimated in due course.”
Info Edge Q3
The parent company of Naukri.com today also announced its financial results. It declared a surge of 60.6% year-on-year (YoY) in its net profit to Rs 242.59 crore for the quarter ended December 31, 2024 as against the net profit of Rs 151.09 crore declared in the corresponding quarter of last year. The firm’s revenue from operations zoomed 15.2% for the quarter under review to Rs 722.39 crore as compared to Rs 627.12 crore announced in the similar quarter of last year.
Info Edge Shares Performance
Info Edge shares slipped 8.99% year-to-date, surged 13.93% in last 6-months, and soared 117.24% in the last 2-years tenure. In last 10-years, the stock offered maximum returns of 887.16%. The 52-week high price of Info Edge shares on BSE is Rs 9194.95 per share (06/01/2025) and 52-week low price is Rs 4967.10 per share (as on 14/03/2024), respectively.
Shareholding
FII/FPI raised holdings from 32.28% to 32.63% for December 2024 quarter. Number of FII/FPI investors increased from 888 to 927 in December 2024 quarter. Meanwhile, Institutional Investors have increased holdings from 51.84% to 51.88% in December 2024 quarter, according to Trendlyne. Life Insurance Corporation of India (LIC) has 4.11% stake in the company.
About Info Edge
It came into existence on May 1, 1995. It became a public limited company on April 27, 2006. It has emerged as India’s premier online classifieds company in recruitment, matrimony, real estate, education and related services, according to its official website.
Disclaimer
The story highlights stock split and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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