Info Edge share price: Info Edge stock price down 0.64 per cent as Sensex slides

Shares of (India) Ltd. fell 0.64 per cent to Rs 4971.6 at 12:52PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 4,674 shares with a turnover of Rs 2.33 crore till 12:52PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 52.63, while the price-to-book value ratio stood at 11.34.

Return on equity (ROE) was at -11.02 per cent, according to exchange data. The stock hit an intraday high of Rs 5040.0 and a low of Rs 4942.5 during the session and quoted a 52-week high price of Rs 5876.05 and a 52-week low of Rs 2270.0.

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 4148.87 on April 30, while the 50-DMA was at Rs 4802.68. 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 59.53. 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-2021, promoters held 38.41 per cent stake in the company, while foreign institutional investors held 39.33 per cent and domestic institutional investors had 11.25 per cent.

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