Info Edge shares fall 0.47% as Nifty drops

Info Edge shares fall 0.47% as Nifty drops
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Synopsis

The stock quoted a 52-week high price of Rs 7462.95 and a 52-week low of Rs 3405.0.

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
Shares of (India) Ltd. traded 0.47 per cent down at Rs 6187.55 on Wednesday at around 12:49PM (IST), while the benchmark BSE Sensex declined 233.26 points to 60200.19.

As many as 3,527 shares changed hands on the counter with a total value of Rs 2.19 crore.

The stock quoted a 52-week high price of Rs 7462.95 and a 52-week low of Rs 3405.0.

On the technical charts, the 200-DMA of the stock stood at Rs 5315.16, while 50-DMA was at Rs 6481.65. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 75.01 per cent in the past one year, while Sensex has risen 41.33 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 54.22 and a price-to-book ratio of 10.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Online Service/Marketplace industry.

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