Shares of Info Edge fall as Nifty gains

Shares of Info Edge fall as Nifty gains
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 4442.57.

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
Shares of (India) Ltd. slipped 0.4 per cent to Rs 4926.0 in Wednesday's trade as of 12:51PM (IST). It hit a high of Rs 5000.6 and low of Rs 4916.9 during the session.

The stock quoted a 52-week high price of Rs 5876.05 and a low of Rs 2726.9. The return on equity for the stock stood at 25.77 per cent. About 5,668 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.

Did you Know?

Stock score of Info Edge (India) Ltd moved up by 1 in a week on a 10-point scale.

View Latest Stock Report »

The scrip has been an outperformer, up 78.49 per cent in the past one year in comparison with a 48.99 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2726.9 on June 30, while the 50-DMA was at Rs 4690.01. 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 31-Mar-2021. Mutual funds and foreign institutional investors held 10.32 per cent and 39.33 per cent stake.

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