Info Edge (India) Ltd. share price up 1.37 per cent

Shares of Info Edge (India) Ltd. traded 1.37 per cent up at Rs 4496.05 at around 11:44AM (IST) on Tuesday. The stock had closed at Rs 4435.5 in the previous session. Equity benchmark Sensex traded 263.7 points higher at 49423.02 around the same time.

The scrip has climbed 123.95 per cent in the last one year till date, while the 30-share index has gained 71.18 per cent during the same period.

The stock’s 52-week high price stood at Rs 5876.05 and the 52-week low price at Rs 2049.0.

Trading volume on the counter stood at 17,039 shares, while it quoted a price-to-earnings ratio of 47.42, an EPS value of 94.88 and a price-to-book value of 11.34. In the Nifty50 pack, 43 stocks traded in the green, while 7 stocks were in the red.

Promoter/FII Holding
Promoters held 38.47 per cent stake in the company as of 31-Dec-2020, while foreign institutional investors and mutual funds’ ownership stood at 40.54 per cent and 10.45 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 311.42 crore, up 7.43 per cent from the previous quarter’s Rs 289.88 crore and up 13.43 per cent from the year-ago quarter’s Rs 359.74 crore. The company reported net profit of Rs 679.17 crore for the latest quarter.

Technical Indicators

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 top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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