Info Edge share price up 0.46 per cent

Shares of Info Edge (India) Ltd. traded 0.46 per cent up at Rs 4450.0 at around 01:54PM (IST) on Friday. The stock had closed at Rs 4429.6 in the previous session. Equity benchmark Sensex traded 191.63 points higher at 67710.63 around the same time. The scrip has climbed 6.02 per cent in the last one year till date, while the 30-share index has gained 11.78 per cent during the same period.

The stock’s 52-week high price stood at Rs 4984.1 and the 52-week low price at Rs 3310.0.

Trading volume on the counter stood at 5,297 shares, while it quoted a price-to-earnings ratio of -448.53, an EPS value of -9.89 and a price-to-book value of 3.59. In the Nifty50 pack, 28 stocks traded in the green, while 21 stocks were in the red.

Promoter/FII Holding
Promoters held 38.05 per cent stake in the company as of 30-Jun-2023, while FII and mutual funds’ ownership stood at 31.54 per cent and 10.34 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 689.54 crore, up 306.36 per cent from the previous quarter’s Rs 169.69 crore and up 21.16 per cent from the year-ago quarter’s Rs 874.59 crore. The company reported net profit of Rs 158.6 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish 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.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.