Info Edge shares gain 1.18% as Sensex rises
The stock quoted a 52-week high of Rs 6545.95 and a 52-week low of Rs 3973.15.
Shares of (India) Ltd. traded 1.18 per cent higher in Wednesday's session at 12:27PM (IST). The stock opened at Rs 6224.0 and has touched an intraday high and low of Rs 6318.0 and Rs 6219.2, respectively, during the session so far.The stock quoted a 52-week high of Rs 6545.95 and a 52-week low of 3973.15. About 3,745 shares changed hands on the counter so far.
Benchmark Nifty50 was up 150.41 points at 23415.25, while the BSE traded 455.33 points higher at 76911.92 at the time of writing of this report.
In the pack, 42 stocks traded the day in the green, while 8 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 5081.49 on June 12, while the 50-DMA was at Rs 5982.01. 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
