Info Edge shares drop 0.34% as Sensex rises
Info Edge (India) Ltd. traded 0.34 per cent lower in Thursday's session at 12:45PM (IST).
The stock opened at Rs 4670.05 and has touched an intraday high and low of Rs 4708.7 and Rs 4624.3, respectively, during the session so far. The stock quoted a 52-week high of Rs 4765.9 and a 52-week low of 3310.0.
About 2,430 shares changed hands on the counter so far. Benchmark Nifty50 was up 48.75 points at 19881.9, while the BSE Sensex traded 129.72 points higher at 67227.16 at the time of writing of this report.
In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 169.69 crore, down 82.46 per cent from the previous quarter's Rs 967.45 crore and down 75.75 per cent from the year-ago quarter. The company reported net loss of Rs 272.83 crore for the latest quarter.Promoter Holdings Promoters held 38.05 per cent stake in the company as of 31-Mar-2023, while FIIs held 31.41 per cent and MFs 10.5 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3902.32 on July 20, while the 50-DMA was at Rs 4267.37.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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