Info Edge stock price: Info Edge stock drops 0.01% as Sensex rises

Shares of Info Edge (India) Ltd. fell 0.01% to Rs 4460.0 in Wednesday’s session at 12:58 (IST), even as the benchmark Sensex shares traded down 198.44 points at 57499.12.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 7462.95 and a 52-week low of Rs 4027.0 on NSE. Around 6236 shares changed hands at the counter till 12:58 (IST).

The stock opened at Rs 4549.95 and touched an intraday high and low of Rs 4549.95 and Rs 4448.2 during the session so far. The counter quoted a price to earnings (PE) ratio of 7.03, earnings per share (EPS) of Rs 633.53 and price to book value (PB) of 10.07, while return on equity (ROE) stood at Rs 25.77.

Promoter/ Holding FII
The promoters held 38.4% of the company’s capital as of February 23, while the stakes of FII and MF amounted to 36.37% and 11.04% respectively.

Key financial data

With a market capitalization of Rs 57343.71 crore, the company operates in the online services/marketplace sector. For the quarter ended September 30, 2021, the company reported consolidated sales of Rs 409.75 crore, up 7.79% from the previous quarter of Rs 380.14 crore and up 41.35% from compared to the same quarter a year ago. The company reported a net profit of Rs 7371.22 crore for the last quarter, up 2147.13% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 36.52. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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