Info Edge share price down 2.24 per cent

Shares of Info Edge (India) Ltd. traded 2.24 per cent up at Rs 3358.0 at around 02:03PM (IST) on Tuesday. The stock had closed at Rs 3434.85 in the previous session. Equity benchmark Sensex traded 379.44 points lower at 57858.41 around the same time.


The scrip has declined 25.82 per cent in the last one year till date, while the 30-share index has gained 5.88 per cent during the same period.

The stock's 52-week high price stood at Rs 4912.9 and the 52-week low price at Rs 3310.0.

Trading volume on the counter stood at 471,242 shares, while it quoted a price-to-earnings ratio of 54.58, an EPS value of 61.49 and a price-to-book value of 3.37. In the Nifty50 pack, 10 stocks traded in the green, while 40 stocks were in the red.

Promoter/FII Holding
Promoters held 38.05 per cent stake in the company as of 31-Dec-2022, while overseas investor and mutual funds' ownership stood at 31.88 per cent and 10.27 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 967.45 crore, up 33.11 per cent from the previous quarter's Rs 726.81 crore and up 81.21 per cent from the year-ago quarter's Rs 533.88 crore. The company reported net loss of Rs 116.53 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.