Finace And Stock

Info Edge shares gain 0.32% as Sensex rises

Shares of (India) Ltd. traded 0.32 per cent higher in Thursday’s session at 01:51PM (IST). The stock opened at Rs 6600.0 and has touched an intraday high and low of Rs 6616.05 and Rs 6532.35, respectively, during the session so far.

The stock quoted a 52-week high of Rs 6984.95 and a 52-week low of 3362.05. About 13,223 shares changed hands on the counter so far.

Benchmark Nifty50 was up 179.65 points at 17825.65, while the BSE Sensex traded 611.2 points higher at 59800.93 at the time of writing of this report.



In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 380.14 crore, up 5.79 per cent from the previous quarter’s Rs 359.33 crore and up 23.07 per cent from the year-ago quarter. The company reported net profit of Rs 152.34 crore for the latest quarter.


Promoter Holdings

Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FIIs held 37.74 per cent and MFs 11.35 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 5152.44 on October 07, while the 50-DMA was at Rs 6055.3. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.


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