Info Edge share price down 4.58 per cent

The scrip has declined 12.11 per cent in the last one year till date, while the 30-share index has gained 11.55 per cent during the same period.

The stock’s 52-week high price stood at Rs 7462.95 and the 52-week low price at Rs 4027.0.

Trading volume on the counter stood at 26,314 shares, while it quoted a price-to-earnings ratio of 4.56, an EPS value of 965.05 and a price-to-book value of 10.07. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.

Promoter/FII Holding
Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while foreign institutional investors and mutual funds’ ownership stood at 36.37 per cent and 11.04 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 533.88 crore, up 30.29 per cent from the previous quarter’s Rs 409.75 crore and up 71.43 per cent from the year-ago quarter’s Rs 311.42 crore. The company reported net profit of Rs 4598.5 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.