Info Edge shares down 0.23% as Sensex rises
Info Edge (India) Ltd. fell 0.23 per cent to Rs 4499.35 in Tuesday's session as of 11:57AM (IST) even as the equity benchmark Sensex traded 191.95 points higher at 67319.03.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 4984.1 and a 52-week low of Rs 3310.0 on NSE. Around 6664 shares changed hands on the counter till 11:57AM (IST).
The stock opened at Rs 4512.0 and has touched an intraday high and low of Rs 4523.4 and Rs 4424.8 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of -454.56, earnings per share (EPS) of Rs -9.89 and price to book value (PB) of 3.59, while the return on equity (ROE) stood at Rs -0.81.
Promoter/ FII Holding
The promoters held 38.05 per cent stake in the company as of September 12, while FII and MF ownerships stood at 31.54 per cent and 10.34 per cent, respectively.
Key Financials With a market capitalisation of Rs 58066.32 crore, the company operates in the Online Service/Marketplace industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 689.54 crore, up 306.36 per cent from the previous quarter?s Rs 169.69 crore and up 21.16 per cent from the same quarter a year ago.
The company reported net profit of Rs 158.6 crore for the latest quarter, down 11.36 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 56.24. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call,
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