Info Edge share price: Info Edge shares rise 0.75% in Wednesday’s trading session


The shares of (India) Ltd. rose 0.75% to Rs 5,809.25 in Wednesday trading at 11:48 am (IST) even as the benchmark Nifty reigned at 16,651.05, up 26.45 points.

The script had closed at Rs 5,765.85 in the previous session. The stock traded for a 52 week low of Rs 3,225.55 and a high of Rs 5,895.0. The company listed a market capitalization of Rs 75,047.01 crore on BSE.

On BSE, 22,882 stocks have changed hands on the counter so far. At its going price, the stock was trading at 51.2 times its 12-month EPS of Rs 113.81 per share and 12.04 times its book value. Return on equity (ROE) stood at Rs 25.77.

Key financial data

For the quarter ended June 30, 2021, Info Edge (India) Ltd. said consolidated sales of Rs 380.14 crore, up 23.07% from the same quarter a year ago. The company reported 62.64% year-on-year growth in net profit to Rs 152.34 crore for the last quarter.

Technical indicators

The stock’s relative strength index (RSI) stood at Wednesday. The RSI fluctuates between zero and 100. Traditionally, it is considered a condition of overbought when the value of the RSI is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be viewed in isolation, as it may not be enough to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or sell recommendation. “sell” using a single valuation ratio.

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