Info Edge stock price: Info Edge shares fall 2.72% as Sensex drops

Shares of Info Edge (India) Ltd. traded down 2.72% to Rs 4621.0 at 13:03 (IST) on Monday, even as the BSE benchmark Sensex fell 1422.25 points to 56916.68.

The certificate had stood at Rs 4750.0 in the previous session. The stock quoted a 52-week high of Rs 7462.95 and a 52-week low of Rs 4210.0, respectively. According to BSE data, the total trading volume on the counter till 13:03 (IST) stood at 4,820 shares with a turnover of Rs 2.25 crore.

At the current price, the company’s shares traded at 4.92 times its 12-month earnings per share of Rs 965.05 per share and 10.07 times its price-to-book ratio, according to exchange data. .

A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.

The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 0.56.

Shareholding details

The promoters held 38.17% of the company’s capital as of March 31, 2022, while the FIIs held 33.99% and the DIIs 11.9%.

Techniques

On the technical charts, the relative strength index (RSI) of the stock stands at 47.92. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.

Eleanor C. William