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Info Edge gains on fund raising plans

21 Jul 2014

Info Edge (India) is currently trading at Rs. 702.00, up by 8.90 points or 1.28 % from its previous closing of Rs. 693.10 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 703.00 and Rs. 693.00 respectively. So far 2066 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 792.00 on 09-Jun-2014 and a 52 week low of Rs. 286.20 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 713.00 and Rs. 665.50 respectively. The current market cap of the company is Rs. 7679.18 crore.

The promoters holding in the company stood at 50.45 % while Institutions and Non-Institutions held 39.94 % and 9.61 % respectively.

In a bid to enhance investment in its real estate portal 99acres .com, Info Edge (India) is all set to raise Rs 750 crore through issue of securities, by way of Qualified Institutional Placement (QIP).

The company, which owns Naukri .com, 99acres .com, Jeevansathi .com, reported a net profit of Rs 39.80 crore for the quarter ended June 30, 2014, up almost 35 per cent from Rs 29.40 crore in the same quarter last year.Total income for the second quarter of fiscal 2014-15 was Rs 144.93 crore, up about 20 per cent, from Rs 120.76 crore in the corresponding quarter in the previous fiscal.

Related Info Edge (India) Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323