Shares of Info Edge rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 4641.83.
Shares of (India) Ltd. gained 1.5 per cent to Rs 5156.0 in Monday's trade as of 12:02PM (IST). It hit a high of Rs 5162.8 and low of Rs 5039.7 during the session.The stock quoted a 52-week high price of Rs 5536.8 and a low of Rs 3310.0. The return on equity for the stock stood at -0.81 per cent. About 4,287 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 49.2 per cent in the past one year in comparison with a 24.15 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3310.0 on March 11, while the 50-DMA was at Rs 5193.14. 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 37.91 per cent stake in (India) Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 11.97 per cent and 30.47 per cent stake.
Source: Stocks-Markets-Economic Times
