Info Edge Share Price: Info Edge shares drop 7.17% as Sensex falls

Shares of (India) Ltd. traded 7.17 per cent decrease in Monday’s session at 02:43PM (IST). The inventory opened at Rs 6505.0 and has touched an intraday excessive and low of Rs 6550.25 and Rs 5961.4, respectively, through the session thus far.

The inventory quoted a 52-week excessive of Rs 7462.95 and a 52-week low of 3783.6. About 28,321 shares modified arms on the counter thus far.

Benchmark Nifty50 was down 413.9 factors at 17350.90, whereas the BSE Sensex traded 1393.84 factors decrease at 58242.17 on the time of writing of this report.

Within the Nifty pack, 6 shares traded the day within the inexperienced, whereas 44 have been within the crimson.

Key Financials

For the quarter ended 30-Sep-2021, the corporate reported consolidated gross sales of Rs 409.75 crore, up 7.79 per cent from the earlier quarter’s Rs 380.14 crore and up 41.35 per cent from the year-ago quarter. The corporate reported internet revenue of Rs 7371.22 crore for the most recent quarter.

Promoter Holdings

Promoters held 38.4 per cent stake within the firm as of 30-Sep-2021, whereas FIIs held 37.77 per cent and MFs 10.96 per cent.

Technicals

On the technical charts, the 200-Day Shifting Common (DMA) of the inventory stood at Rs 5363.09 on November 22, whereas the 50-DMA was at Rs 6504.02. If a inventory trades above 50-DMA and 200-DMA, it often means the speedy development is upward. However, if the inventory trades effectively under 50-DMA and 200-DMA each, it’s thought-about as bearish development and if trades between these averages, then it suggests the inventory can go both approach.