Stocks

Info Edge Share Price: Info Edge shares down 2.1% as Sensex falls

Shares of Info Edge (India) Ltd. fell 2.1 per cent to Rs 4251.0 in Thursday’s session as of 01:40PM (IST) even as the equity benchmark Sensex traded 722.09 points lower at 58814.98.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 7462.95 and a 52-week low of Rs 3314.0 on NSE. Around 7694 shares changed hands on the counter till 01:40PM (IST).

The stock opened at Rs 4265.0 and has touched an intraday high and low of Rs 4316.05 and Rs 4206.7 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 4.38, earnings per share (EPS) of Rs 990.63 and price to book value (PB) of 3.37, while the return on equity (ROE) stood at Rs 74.0.

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Promoter/ FII Holding
The promoters held 38.11 per cent stake in the company as of September 01, while FII and MF ownerships stood at 32.72 per cent and 11.44 per cent, respectively.

Key Financials

With a market capitalisation of Rs 56006.84 crore, the company operates in the Online Service/Marketplace industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 874.59 crore, up 24.97 per cent from the previous quarter?s Rs 699.86 crore and up 130.07 per cent from the same quarter a year ago. The company reported net profit of Rs 178.94 crore for the latest quarter, up 17.46 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 49.32. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.


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