Info Edge shares fall 0.12 per cent in Wednesday’s trading session


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Shares of Info Edge (India) Ltd. fell 0.12 per cent to Rs 7402.05 in Wednesday’s trade as of 12:38PM (IST) even as the benchmark Nifty ruled at 24731.05, up 32.21 points.

The scrip had closed at Rs 7411.5 in the previous session. The stock quoted a 52-week low of Rs 3973.15 and a high of Rs 7455.05. The company quoted a market-cap of Rs 95773.36 crore on the BSE.

On BSE, 1,453 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 147.46 times its trailing 12-month EPS of Rs 50.2 per share and 2.39 times its book value. The return on equity (ROE) stood at Rs 1.91.

Key Financials

For the quarter ended 30-Jun-2024, Info Edge (India) Ltd. reported consolidated sales of Rs 827.92 crore, up 20.07 per cent from the same quarter a year ago. The company reported 46.85 per cent YoY growth in net profit at Rs 232.9 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

Forrás: eredeti cikk

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