This recruitment company stock has given a massive breakout and also announced dividend; do you own it?
Shares of this online recruitment company are buzzing on the bourses today.
Shares of Info Edge Ltd (Naukri) surged almost 12 per cent in just two days, the company recently announced its Quarterly Results and also declared an interim dividend. Today the stock opened at Rs 4130. As of 11 am, the stock made a high and low of Rs 4377.75 and Rs 4123.40, respectively. The stock rallied as it was in heavy demand from investors and the company also announced an interim dividend.
Info Edge Limited is an online recruitment company that runs under the name of Naukri.com. The company has an 80 per cent traffic share and also invested in many startups like Zomato, Zwayam, Adda247 and many more. The company also has various other brands such as Jeevansathi.com, 99acres.com, and Shiksha.com.
The company has fewer debts and delivered 121 per cent CAGR over the last 5 years. The company’s shareholding pattern includes 38 per cent promoter holdings and 31.81 per cent FII holdings.
On November 11, 2022, the company reported its Quarterly numbers. The revenue grew 4.77 per cent from Rs 507.6 crore to Rs 531.8 crore on a QoQ basis. PAT grew to Rs 168 crore from Rs 148.4 crore, which is a 13.21 per cent increase in it.
The board has also declared a Rs 10 per share interim dividend on the face value of 10 per share for the financial year 2022-23. The record date for the dividend will be Monday, November 21, 2022, as stated in the exchange filing by the company. The company has a market capitalisation of Rs 56664 crore and is trading at a PE multiple of 18x.