Share price of Info Edge rises as Nifty strengthens

The return on equity (ROE) for the stock stood at 74.0 per cent. Traded volume on the counter stood at 01:55PM shares and turnover at Rs 1.1 crore around that time. The stock of

(India) Ltd. quoted a 52-week high price of Rs 7462.95 and 52-week low prices of Rs 3314.0, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding

Promoters held 38.17 per cent stake in the company as of 31-Mar-2022, while FIIs held 33.99 per cent and domestic institutional investors had 11.9 per cent.

Key Financials

The company reported consolidated sales of Rs 699.86 crore for the quarter ended 31-Mar-2022, up 31.09 per cent from previous quarter’s Rs 533.88 crore and up 94.77 per cent from the year-ago quarter’s Rs 359.33 crore. Net profit after tax for the latest quarter stood at Rs 628.89 crore, up 105.37 per cent from the same quarter a year ago.

Technicals
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 topof 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.