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Stock jumps 4% after company to consider stock split

Stock plans a Board Meeting on February 5, 2025, to review financial results and consider a ₹10 face value stock split, aiming to enhance liquidity and affordability, pending approvals.
Stock plans February 5 meeting to review results, consider ₹10 split, boost liquidity.
Stock plans February 5 meeting to review results, consider ₹10 split, boost liquidity.

Introduction:

A leading stock is set for a Board Meeting on February 5, 2025, to review financial results and consider a stock split of ₹10 face value shares. This move aims to improve liquidity and affordability, pending shareholder and regulatory approvals.

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Share Price movement of Info Edge (India):

On January 30, 2025, Info Edge (India) Ltd opened at ₹7,445.15, rising 2.36% from its previous close. The stock hit an intraday high of ₹7,683.20 before closing at ₹7,621.10. By the session’s end, stock closed at ₹7621.10 and market cap stood at ₹98,757.35 crore.

Info Edge (India) share price rise:

Info Edge (India) Limited has scheduled a Board Meeting on February 5, 2025, to review and approve the unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2024. This meeting will provide insights into the company’s financial performance.

Additionally, the Board will consider a proposal to alter the company’s share capital through a stock split or sub-division of equity shares with a face value of ₹10 each. This move aims to enhance liquidity and affordability, subject to shareholder and regulatory approvals.

Also Read: The Deep State of AI: DeepSeek and Indian IT Landscape

The trading window for designated persons and their immediate relatives remains closed from January 1, 2025, and will reopen 48 hours after the financial results’ declaration. The company has made this information available on its official website for investor reference.

Recent news About Info Edge (India) :

On December 1, 2024, Info Edge, parent of Naukri.com, filed an FIR against key executives of its indirect subsidiary, 4B Networks Private Limited. The complaint, filed by Allcheckdeals India Private Limited, alleges fraudulent activities involving 4B Networks’ funds, as disclosed in a stock exchange filing.

Ace investor holding of Info Edge (India):

Anil Lall’s Holding:  

Anil Lall holds 3,133,487 shares of Info Edge (India) Ltd., representing a 2.42% stake. His holding is valued at ₹2,388.1 crore at a current stock price of ₹7,621.10. His stake remains unchanged from the previous quarter, reflecting continued confidence in the company.  

Ambarish Raghuvanshi:  

Ambarish Raghuvanshi owns 1,363,029 shares of Info Edge (India) Ltd., amounting to a 1.05% stake. His holding is valued at ₹1,038.8 crore at the current stock price of ₹7,621.10. With no changes in the last quarter, his investment reflects long-term confidence in the company’s growth potential.

Stock performance of Info Edge (India) for Period of 1 week, 6 months and 1 year:

Info Edge (India) stock declined slightly by 0.13% over the past week, indicating stability. Over six months, it gained 4.22%, reflecting steady growth. The one-year performance showed a strong 49.6% rise, highlighting investor confidence and the company’s sustained upward trajectory in the market.

Shareholding pattern of Info Edge (India):

All values in %Dec-24Sep-24Jun-24
Promoters37.6337.6837.88
FII32.6332.2832.14
DII19.2519.5619.36
Retail & others10.5110.4810.62
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About Info Edge (India):

Info Edge (India) Ltd (NSE: NAUKRI) is a leading internet-based company specializing in online classifieds, recruitment, real estate, education, and matrimony services. It owns popular platforms like Naukri.com, 99acres.com, and Jeevansathi.com, driving digital innovation and market expansion in India’s growing internet economy.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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