Info Edge share price: Info Edge shares drop 1.44% as Sensex rises

Shares of (India) Ltd. traded 1.44 per cent lower in Friday’s session at 01:48PM (IST). The stock opened at Rs 4799.95 and has touched an intraday high and low of Rs 4799.95 and Rs 4671.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 5876.05 and a 52-week low of 2270.0. About 37,520 shares changed hands on the counter so far.

Benchmark Nifty50 was up 78.6 points at 14803.40, while the BSE Sensex traded 196.59 points higher at 49146.35 at the time of writing of this report.

In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.

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. The company reported net profit of Rs 679.17 crore for the latest quarter.


Promoter Holdings

Promoters held 38.41 per cent stake in the company as of 31-Mar-2021, while FIIs held 39.33 per cent and MFs 10.32 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4191.66 on May 07, while the 50-DMA was at Rs 4760.93. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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