Info Edge (India) surged 8.84% to Rs 412.10 at 11:24 IST on BSE, with the stock extending Wednesday's gain triggered by the company's announcement of making additional investment in Zomato Media.
Meanwhile, the S&P BSE Sensex was up 32.19 points or 0.15% at 20,927.13
On BSE, 17,292 shares were traded in the counter as against average daily volume of 74,197 shares in the past one quarter.
The stock hit a record high of Rs 425 in intraday trade today, 6 November 2013. The stock hit a low of Rs 380 so far during the day. 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 6 November 2013, rising 18.62% compared with the Sensex's 4.92% jump. The scrip also outperformed the market in the past one quarter, gaining 18.97% as against Sensex's 11.54% rise.
The mid-cap company has equity capital of Rs 109.18 crore. Face value per share is Rs 10.
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Shares of Info Edge (India) rose 0.78% to Rs 381.30 on Wednesday, 6 November 2013. The company at the fag end of the day's trading session on Wednesday, 6 November 2013 said it has co-invested in an investment round of Rs 227.6 crore in the shares of Zomato Media (which owns and operates an online food guide portal Zomato.com).
Of the total investment round, Info Edge (India) has invested an amount of about Rs 57 crore by subscribing to convertible preference shares of Zomato Media. Post this transaction the total amount invested by Info Edge (India) in Zomato Media cumulatively till date is about Rs 143 crore and the shareholding of Info Edge (India) in Zomato Media stands at 50.1% on a fully converted and diluted basis. Prior to this round, Info Edge (India) owned a little less than 58% of Zomato Media.
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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