Info Edge declines 1.1% as Sensex climbs

Shares of Info Edge (India) Ltd. traded at Rs 3877.7 on BSE at 01:50PM (IST) on Thursday, down 1.1 per cent from previous close.

The scrip quoted a 52-week low price of Rs 3310.0 and a high of Rs 4624.35.

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

A total of 6,495 lakh shares changed hands on the counter till 01:50PM (IST).

The stock of Info Edge (India) Ltd. commanded a market value of Rs 50171.24 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 63.16, while the price-to-book value ratio stood at 3.37. Return on equity (ROE) was at 74.0 per cent, according to exchange data.

In the BSE500 pack, 345 stocks traded in the green, while 156 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 38.05 per cent in Info Edge (India) Ltd. as of 31-Mar-2023 while overseas and domestic institutional investors owned 31.41 per cent and 10.5 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 3886.47 on May 11, while the 50-DMA was at 3628.42. 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.