Info Edge Stock Split: Investors are in for a treat as the Naukri.com company, Info Edge is planning to issue its first-ever stock split. A board meeting is scheduled next week to consider the sub-division proposal. Ahead of the meeting, Info Edge is trading on a bullish note, and on the path to close the current week on a strong note.
Info Edge Share Price:
At the time of writing, Info Edge's share price stood at Rs 7685.15 apiece, up by Rs 58.95 or 0.8% on BSE, with a market cap of Rs 99,587.34 crore. The stock's current 52-week high and low is at Rs 9,194.95 apiece and Rs 4,967.10 apiece respectively.
This week, the stock is up by 6.3% so far.
Info Edge Stock Split:
As per the regulatory filing, a meeting of the Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024.
Also, Info Edge said that on February 5, the board will consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to the approval of the shareholders of the Company and any regulatory/ statutory approvals, as may be required under applicable law.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
This will be Info Edge's first-ever stock split. So far, Info Edge has delivered bonus issues and dividends.
Bonus: The company delivered two bonuses of 1:1 each in September 2010 and June 2012.
Dividends: Since July 2007, the company has delivered about 32 dividends, as per Trendlyne data. In the past 12 months, the company paid up to Rs 24 dividends per share. Currently, it has a dividend yield of 0.31%.
Info Edge Stock Recommendation:
As per Trendlyne data, the consensus recommendation from 21 analysts for Info Edge (India) Ltd. is BUY. EPS is expected to grow by 12.3% in FY25. The average target price is at Rs 8270.48 for 1 year, hinting nearly 7.5% potential upside ahead.
Here are the key fundamentals for Info Edge highlighted by Trendlyne:
- Price to Earning Ratio is 213.12, higher than its sector PE ratio of 33.56.
- Stock Price rose 57.19% and outperformed its sector by 38.26% in the past year.
The debt to Equity Ratio is zero as the company is debt-free.
- Return on Equity(ROE) for the last financial year was 1.9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
- Mutual Fund Holding decreased by 0.1% in the last quarter to 11.15.
- Promoter Share Holding decreased by 0.05% in the most recent quarter to 37.63%.
About Info Edge:
Info Edge is a consumer internet company with a leading presence in its product portfolio that spans over recruitment, matrimony, real estate & education in the space of online classifieds.
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