Share price of Info Edge rises as Nifty strengthens
Info Edge (India) Ltd. gained 0.23 per cent to Rs 5098.75 in Thursday's trade as of 01:39PM (IST). The stock hit a high price of Rs 5141.65 and low of Rs 5060.0 during the session.
The return on equity (ROE) for the stock stood at -0.81 per cent. Traded volume on the counter stood at 01:39PM shares and turnover at Rs 1.06 crore around that time. The stock of Info Edge (India) Ltd.
quoted a 52-week high price of Rs 5315.0 and 52-week low prices of Rs 3310.0, 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 37.98 per cent stake in the company as of 30-Sep-2023, while FIIs held 31.22 per cent and domestic institutional investors had 10.92 per cent.
Key Financials The company reported consolidated sales of Rs 792.01 crore for the quarter ended 30-Sep-2023, up 14.86 per cent from previous quarter's Rs 689.54 crore and up 8.97 per cent from the year-ago quarter's Rs 726.81 crore. Net profit after tax for the latest quarter stood at Rs 205.12 crore, up 99.14 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish 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.
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