Info Edge shares drop 2.42% as Sensex falls
The stock quoted a 52-week high of Rs 7063.25 and a 52-week low of Rs 3973.15.
Shares of (India) Ltd. traded 2.42 per cent lower in Thursday's session at 12:33PM (IST). The stock opened at Rs 6780.05 and has touched an intraday high and low of Rs 6850.55 and Rs 6615.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 7063.25 and a 52-week low of 3973.15. About 1,342 shares changed hands on the counter so far.
Benchmark Nifty50 was down 57.11 points at 24267.35, while the BSE traded 225.16 points lower at 79699.61 at the time of writing of this report.
In the pack, 23 stocks traded the day in the green, while 27 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 5304.39 on July 11, while the 50-DMA was at Rs 6284.24. 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
