Info Edge shares gain 0.17% as Sensex rises

Shares of Info Edge (India) Ltd. traded 0.17 per cent higher in Friday's session at 01:03PM (IST). The stock opened at Rs 4900.0 and has touched an intraday high and low of Rs 4900.0 and Rs 4795.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 7462.95 and a 52-week low of 4210.0. About 4,807 shares changed hands on the counter so far.

Benchmark Nifty50 was up 69.75 points at 17709.30, while the BSE Sensex traded 158.83 points higher at 59193.78 at the time of writing of this report.

In the Nifty pack, 36 stocks traded the day in the green, while 13 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 533.88 crore, up 30.29 per cent from the previous quarter's Rs 409.75 crore and up 71.43 per cent from the year-ago quarter. The company reported net profit of Rs 4598.5 crore for the latest quarter.

Promoter Holdings
Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FIIs held 36.37 per cent and MFs 11.04 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 5506.74 on April 08, while the 50-DMA was at Rs 4606.47. 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.