Info Edge share price: Info Edge stock price up 0.78 per cent as Sensex slides

Shares of (India) Ltd. rose 0.78 per cent to Rs 4933.25 at 12:09PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,800 shares with a turnover of Rs 4.8 crore till 12:09PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 51.71, while the price-to-book value ratio stood at 11.34.

Return on equity (ROE) was at -11.02 per cent, according to exchange data. The stock hit an intraday high of Rs 4947.55 and a low of Rs 4791.25 during the session and quoted a 52-week high price of Rs 5876.05 and a 52-week low of Rs 2623.7.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 4371.83 on June 17, while the 50-DMA was at Rs 4647.02. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 67.39. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 38.41 per cent stake in the company, while foreign institutional investors held 39.33 per cent and domestic institutional investors had 11.25 per cent.