Info Edge shares gain 2.7% as Sensex rises
The stock quoted a 52-week high of Rs 5625.0 and a 52-week low of Rs 3554.3.
Shares of (India) Ltd. traded 2.7 per cent higher in Thursday's session at 01:39PM (IST). The stock opened at Rs 5473.75 and has touched an intraday high and low of Rs 5625.0 and Rs 5425.05, respectively, during the session so far.The stock quoted a 52-week high of Rs 5625.0 and a 52-week low of 3554.3. About 5,280 shares changed hands on the counter so far.
Benchmark Nifty50 was up 295.4 points at 22419.05, while the BSE traded 901.92 points higher at 73898.23 at the time of writing of this report.
In the pack, 47 stocks traded the day in the green, while 3 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 659.81 crore, down 16.69 per cent from the previous quarter's Rs 792.01 crore and down 31.8 per cent from the year-ago quarter. The company reported net profit of Rs 151.09 crore for the latest quarter.
Promoter Holdings
Promoters held 37.91 per cent stake in the company as of 31-Dec-2023, while FIIs held 30.47 per cent and MFs 11.97 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4708.53 on March 28, while the 50-DMA was at Rs 5206.35. 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
