Share price of Info Edge falls as Nifty strengthens
Info Edge (India) Ltd. slipped 0.06 per cent to Rs 7385.6 in Tuesday's trade as of 01:24PM (IST). The stock hit a high price of Rs 7426.0 and low of Rs 7364.0 during the session.
The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 0.89 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 7455.05 and 52-week low prices of Rs 3973.15, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding Promoters held 37.88 per cent stake in the company as of 30-Jun-2024, while foreign investors held 32.13 per cent and domestic institutional investors had 10.98 per cent.
Key Financials The company reported consolidated sales of Rs 827.92 crore for the quarter ended 30-Jun-2024, up 2.37 per cent from previous quarter's Rs 808.72 crore and up 20.07 per cent from the year-ago quarter's Rs 689.54 crore. Net profit after tax for the latest quarter stood at Rs 232.9 crore, up 46.85 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities. When the MACD crosses below the signal line, it gives
