Info Edge stock price down 2.89 per cent as Sensex slides
Info Edge (India) Ltd. fell 2.89 per cent to Rs 6747.55 at 02:10PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 10,395 shares with a turnover of Rs 7.02 crore till 02:10PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 151.67, while the price-to-book value ratio stood at 2.39.
Return on equity (ROE) was at 1.9 per cent, according to exchange data. The stock hit an intraday high of Rs 6999.55 and a low of Rs 6670.0 during the session and quoted a 52-week high price of Rs 6999.55 and a 52-week low of Rs 3973.15.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 5223.1 on July 02, while the 50-DMA was at Rs 6161.8. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 65.59. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 37.88 per cent stake in the company, while foreign institutional investors held 30.91 per cent and
