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Info Edge (India) corrects on profit booking

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Capital Market
Last Updated : Oct 08 2016 | 12:01 AM IST

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.

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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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First Published: Oct 07 2016 | 12:19 PM IST

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