Info Edge rises 0.8% as Sensex slides

Shares of Info Edge (India) Ltd. traded at Rs 6790.95 on BSE at 12:38PM (IST) on Friday, up 0.8 per cent from previous close.

The stock quoted a 52-week low price of Rs 3973.15 and a high of Rs 6820.0.

Earlier, shares of the company saw a opening in the morning.

A total of 3,291 lakh shares changed hands on the counter till 12:38PM (IST).

The stock of Info Edge (India) Ltd. commanded a market value of Rs 86761.11 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 150.83, while the price-to-book value ratio stood at 2.39. Return on equity (ROE) was at 1.9 per cent, according to exchange data.

In the BSE500 pack, 288 stocks traded in the green, while 213 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding
Promoters held 37.88 per cent in Info Edge (India) Ltd. as of 31-Mar-2024 while overseas and domestic institutional investors owned 30.91 per cent and 11.69 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 5199.27 on June 28, while the 50-DMA was at 6116.48. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.