Info Edge rises 2.24% as Sensex slides

Info Edge rises 2.24% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 4.9, while the price-to-book value ratio stood at 10.07.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Info Edge (India) Ltd. traded at Rs 4784.1 on BSE at 10:30AM (IST) on Tuesday, up 2.24 per cent from previous close.

The stock quoted a 52-week low price of Rs 4206.1 and a high of Rs 7462.95.

Earlier, the stock saw a gap up opening in the morning.

A total of 4,914 lakh shares changed hands on the counter till 10:30AM (IST).

The stock of Info Edge (India) Ltd. commanded a market value of Rs 60949.02 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 4.9, while the price-to-book value ratio stood at 10.07. Return on equity (ROE) was at 25.77 per cent, according to exchange data.

In the BSE500 pack, 395 stocks traded in the green, while 106 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding
Promoters held 38.4 per cent in Info Edge (India) Ltd. as of 31-Dec-2021 while overseas and domestic institutional investors owned 36.37 per cent and 11.04 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 5509.68 on April 05, while the 50-DMA was at 4595.61. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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