Info Edge shares up 1.25% as Sensex rises
Info Edge (India) Ltd. gained 1.25 per cent to Rs 5144.0 in Wednesday's session as of 10:10AM (IST) even as the equity benchmark Sensex traded 394.52 points higher at 71731.32.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 5315.0 and a 52-week low of Rs 3310.0 on NSE. Around 3158 shares changed hands on the counter till 10:10AM (IST).
The stock opened at Rs 5093.8 and has touched an intraday high and low of Rs 5175.45 and Rs 5085.25 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of -2592.3, earnings per share (EPS) of Rs -1.98 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 37.98 per cent stake in the company as of December 27, while FII and MF ownerships stood at 31.21 per cent and 10.92 per cent, respectively.
Key Financials With a market capitalisation of Rs 66430.35 crore, the company operates in the Online Service/Marketplace industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 792.01 crore, up 14.86 per cent from the previous quarter?s Rs 689.54 crore and up 8.97 per cent from the same quarter a year ago. The company reported net profit of Rs 205.12 crore for the latest quarter, up 99.14 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 65.75.
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
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