Info Edge shares drop 0.06% as Sensex falls
The stock quoted a 52-week high of Rs 6545.95 and a 52-week low of Rs 3741.2.
Shares of (India) Ltd. traded 0.06 per cent lower in Friday's session at 10:25AM (IST). The stock opened at Rs 6432.35 and has touched an intraday high and low of Rs 6526.5 and Rs 6428.5, respectively, during the session so far.The stock quoted a 52-week high of Rs 6545.95 and a 52-week low of 3741.2. About 1,826 shares changed hands on the counter so far.
Benchmark Nifty50 was down 3.66 points at 22964.0, while the BSE traded 28.66 points lower at 75389.38 at the time of writing of this report.
In the pack, 20 stocks traded the day in the green, while 30 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 808.72 crore, up 22.57 per cent from the previous quarter's Rs 659.81 crore and up 376.59 per cent from the year-ago quarter. The company reported net profit of Rs 60.39 crore for the latest quarter.
Promoter Holdings
Promoters held 37.88 per cent stake in the company as of 31-Mar-2024, while FIIs held 30.91 per cent and MFs 11.69 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4982.57 on May 24, while the 50-DMA was at Rs 5783.59. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
