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    Info Edge shares drop 0.34% as Sensex rises

    Synopsis

    The stock quoted a 52-week high of Rs 5876.05 and a 52-week low of Rs 3115.0.

    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of (India) Ltd. traded 0.34 per cent lower in Tuesday's session at 01:16PM (IST). The stock opened at Rs 5300.0 and has touched an intraday high and low of Rs 5345.0 and Rs 5261.5, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 5876.05 and a 52-week low of 3115.0. About 3,594 shares changed hands on the counter so far.

    Benchmark Nifty50 was up 152.3 points at 16037.45, while the BSE Sensex traded 570.86 points higher at 53521.49 at the time of writing of this report.

    Did you Know?

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

    View Latest Stock Report »

    In the Nifty pack, 39 stocks traded the day in the green, while 10 were in the red.


    Key Financials
    For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 359.33 crore, up 15.39 per cent from the previous quarter's Rs 311.42 crore and up 2.78 per cent from the year-ago quarter. The company reported net profit of Rs 306.22 crore for the latest quarter.

    Promoter Holdings
    Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FIIs held 37.74 per cent and MFs 11.35 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4646.89 on August 03, while the 50-DMA was at Rs 4965.52. 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.
    (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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