Info Edge (India) Ltd, the parent company of Naukri.com, witnessed a notable rise in its stock price on Thursday, gaining 2.7% and reaching an intraday high of Rs 7,654.75 per share. The surge followed the company’s announcement regarding a board meeting scheduled for February 5, 2025, to discuss a stock split of its existing equity shares.
Stock Performance Overview
- Current Share Price: Around 11:50 AM, the stock traded at Rs 7,645 on the BSE, marking a 2.64% increase.
- Market Capitalisation: The company’s market valuation stood at Rs 99,067.06 crore.
- BSE Sensex Comparison: The Sensex index recorded a 0.33% rise, reaching 76,788.31.
- 52-Week Range:
- High: Rs 9,194.95 per share
- Low: Rs 4,871.20 per share
Board Meeting and Stock Split Proposal
Info Edge informed the exchanges through an official filing that its board will deliberate on a stock split involving the existing shares, which currently have a face value of Rs 10 each, fully paid-up. The final terms and details regarding the subdivision will be determined in the upcoming board meeting.
Official Statement from Info Edge
The company’s filing stated “We hereby inform you that at the said Meeting, the Board of Directors will also 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.”
Investors are keenly awaiting the outcome of the meeting as stock splits often improve liquidity and make shares more affordable for retail investors. Further details will be disclosed post the board’s decision on February 5, 2025.
