Info Edge Share Price: Shares of Info Edge rise as Nifty gains

Shares of (India) Ltd. gained 2.03 per cent to Rs 6561.05 in Monday’s trade as of 12:55PM (IST). It hit a high of Rs 6582.2 and low of Rs 6429.5 during the session.

The stock quoted a 52-week high price of Rs 6984.95 and a low of Rs 3362.05. The return on equity for the stock stood at 25.77 per cent. About 9,726 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.56.



The scrip has been an outperformer, up 82.06 per cent in the past one year in comparison with a 58.45 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3362.05 on October 04, while the 50-DMA was at Rs 5970.71. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 38.41 per cent stake in Info Edge (India) Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 11.35 per cent and 37.74 per cent stake.

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