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    Shares of Info Edge rise as Nifty gains

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 4083.36.

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    Shares of Info Edge (India) Ltd. gained 1.23 per cent to Rs 3945.3 in Tuesday's trade as of 01:02PM (IST). It hit a high of Rs 3963.0 and low of Rs 3878.95 during the session.

    The stock quoted a 52-week high price of Rs 5790.0 and a low of Rs 3314.0. The return on equity for the stock stood at 74.0 per cent. About 7,843 shares have changed hands on the counter so far.

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

    The scrip has been an underperformer, down 27.15 per cent in the past one year in comparison with a 7.57 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3314.0 on December 27, while the 50-DMA was at Rs 3982.83. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 38.11 per cent stake in Info Edge (India) Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 11.44 per cent and 32.72 per cent stake.



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

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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
    The Economic Times

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