Info Edge shares gain 3.01% as Sensex rises

Info Edge shares gain 3.01% as Sensex rises
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Synopsis

A total of 5,205 shares changed hands on the counter till 10:15AM (IST)

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RSI has turned north from the 60 level, confirming bullishness.
Shares of Info Edge (India) Ltd. traded 3.01 per cent up at Rs 4916.75 at 10:15AM (IST) on Wednesday, even as BSE benchmark Sensex gained 501.41 points to 58309.99. The stock had closed at Rs 4773.3 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 7462.95 and Rs 4027.0, respectively.

As per BSE data, total traded volume on the counter till 10:15AM (IST) stood at 10:15AM shares with turnover at Rs 2.55 crore.

At the current price, the stock trades at 7.73 times its trailing 12-month earnings per share of Rs 633.53 per share and 10.07 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details
Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FIIs owned 36.37 per cent and DIIs 14.37 per cent.

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