Info Edge shares drop 2.41% as Sensex falls
Info Edge (India) Ltd. traded 2.41 per cent lower in Friday's session at 01:55PM (IST).
The stock opened at Rs 4305.0 and has touched an intraday high and low of Rs 4305.0 and Rs 4178.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4984.1 and a 52-week low of 3310.0.
About 8,895 shares changed hands on the counter so far. Benchmark Nifty50 was down 80.3 points at 19284.95, while the BSE Sensex traded 278.24 points lower at 64872.78 at the time of writing of this report.
In the Nifty pack, 13 stocks traded the day in the green, while 37 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 158.6 crore for the latest quarter.Promoter Holdings Promoters held 38.05 per cent stake in the company as of 30-Jun-2023, while FIIs held 31.54 per cent and MFs 10.34 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3972.95 on August 18, while the 50-DMA was at Rs 4487.78.
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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