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    Info Edge shares rise 0.28 per cent in Friday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 55.11 on Friday.

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    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Info Edge (India) Ltd. rose 0.28 per cent to Rs 4041.0 in Friday's trade as of 11:21AM (IST) even as the benchmark Nifty ruled at 18704.45, down 108.05 points.

    The scrip had closed at Rs 4029.6 in the previous session. The stock quoted a 52-week low of Rs 3314.0 and a high of Rs 5988.8. The company quoted a market-cap of Rs 52025.1 crore on the BSE.

    On BSE, 4,423 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 9.44 times its trailing 12-month EPS of Rs 427.13 per share and 3.37 times its book value. The return on equity (ROE) stood at Rs 74.0.

    Key Financials
    For the quarter ended 30-Sep-2022, Info Edge (India) Ltd. reported consolidated sales of Rs 726.81 crore, down 77.38 per cent from the same quarter a year ago. The company reported 98.6 per cent YoY de-growth in net profit at Rs 103.01 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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