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    Info Edge stock price down 0.64 per cent as Sensex slides

    Synopsis

    As of 31-Mar-2021, promoters held 38.41 per cent stake in the company, while FIIs held 39.33 per cent and domestic institutional investors had 10.32 per cent.

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    Except in the case of cholera outbreak in November 2010 and pneumonic plague in September 1994, Indian market have bounced back strongly.

    INSIGHTS

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    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.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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