Info Edge (India) Ltd shares today witnessed rally of 1.39% on Bombay Stock Exchange (BSE) after Board of Directors considered and approved first every 1:5 stock split/sub-division on February 5, 2025. The company has yet to fix the record date for stock split. Meanwhile, last trading price of Info Edge shares on BSE stood at Rs 8053.55 per share. The stock delivered shareholders return of 50.35% in last 1-year and declined 8.58% in last 1-month.
The company’s market cap stood at Rs 1,04,361.22 crore. Its return on equity (ROE) is 2.10%. The company has so far recommended 2 bonuses since September 27, 2010 and 32 dividends since July 18, 2007. Check more details below:
Should You Buy Info Edge Shares Ahead Of Stock Split
According to A R Ramachandran, SEBI registered Independent research analyst, “Info Edge stock price is slightly bullish on the Daily charts with strong support at 7712. A Daily close above resistance of 8257 could lead to a target of 8750 in the near term.”
Info Edge Shares Performance
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. Info Edge shares slipped 7.73% year-to-date (YTD), gained 18.28% in last 6-months, and offered triple digit returns of 119.65% in last 2-years. In last 10-years, the stock gained 900.19%.
Board of Info Edge Gives Nod To 1:5 Stock Split
The Board of Directors of the Company at their meeting held on February 5, 2025 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 Issues 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 declared its financial results. It announced a rally of 60.6% year-on-year (YoY) in its net profit to Rs 242.59 crore for the quarter ended December 31, 2024 as compared to the net profit of Rs 151.09 crore declared in the corresponding quarter of last year. Its revenue from operations jumped 15.2% for the December 2024 quarter to Rs 722.39 crore as against Rs 627.12 crore declared in the similar quarter of last year.
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 stock has been picked from the brokerage report of A R Ramachandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. 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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