Market

Shares of Info Edge rise as Nifty gains

Shares of (India) Ltd. gained 0.42 per cent to Rs 5820.15 in Friday’s trade as of 01:02PM (IST). It hit a high of Rs 5853.1 and low of Rs 5756.15 during the session.

The stock quoted a 52-week high price of Rs 5895.0 and a low of Rs 3238.5. The return on equity for the stock stood at 25.77 per cent. About 4,778 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 77.55 per cent in the past one year in comparison with a 45.97 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3238.5 on August 27, while the 50-DMA was at Rs 5274.28. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 38.41 per cent stake in Info Edge (India) Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 11.35 per cent and 37.74 per cent stake.

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