Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 63784.84 Crore) operating in Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 359.33 Crore, up 15.39 % from last quarter Total Income of Rs 311.42 Crore and up 2.78 % from last year same quarter Total Income of Rs 349.60 Crore. Company reported net profit after tax of Rs 332.65 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a cup and handle pattern, suggesting bullishness. Further, volumes have been good in the recent bull candles, confirming an uptrend. Technical indicators are also in bull territory, confirming strength.
Promoter/FII Holdings
Promoters held 38.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 40.7 per cent, DIIs 11.4 per cent and public and others 9.5 per cent.
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