Info Edge shares rise 4.72% as Nifty gains

Shares of Info Edge (India) Ltd. traded 4.72 per cent up at Rs 3934.8 on Friday at around 10:00AM (IST), while the benchmark BSE Sensex advanced 479.01 points to 52744.73.

As many as 13,923 shares changed hands on the counter with a total value of Rs 5.42 crore.

The stock quoted a 52-week high price of Rs 7462.95 and a 52-week low of Rs 3314.0.

On the technical charts, the 200-DMA of the stock stood at Rs 5136.66, while 50-DMA was at Rs 3921.88. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 17.77 per cent in the past one year, while Sensex has 0.05 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 3.94 and a price-to-book ratio of 3.37. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Online Service/Marketplace industry.

Source link

Recent Posts

Scan to Download
ios&Android APP

Open trading account and start trading!

Join our happy customers