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Home News Info Edge Shares Dip 2.16% Amid Nifty Decline

Info Edge Shares Dip 2.16% Amid Nifty Decline

by Barbara

Info Edge (India) Ltd. witnessed a decline of 2.16 per cent in its shares, which were trading at Rs 5793.05 on Thursday around 01:53 PM (IST). This drop coincided with the broader market trend, as the benchmark BSE Sensex saw a decline of 409.07 points, reaching 74093.83.

Trading activity on the Info Edge counter saw 1,420 shares changing hands, amounting to a total value of Rs 0.83 crore. The stock marked a 52-week high of Rs 6545.95 and a low of Rs 3815.05.

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Analyzing the technical indicators, the 200-day moving average (DMA) of the stock was noted at Rs 5007.53, while the 50-DMA stood at Rs 5849.88. Typically, when a stock trades above both its 50 DMA and 200 DMA, it indicates an upward trend. Conversely, trading below both indicates a bearish trend, while trading within this range suggests uncertainty regarding the stock’s direction.

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According to data from the Bombay Stock Exchange (BSE), the stock is trading at a price-to-earnings (P/E) multiple of 133.0 and a price-to-book (P/B) ratio of 2.39. A higher P/E ratio suggests that investors are willing to pay more for the stock due to anticipated future growth. Meanwhile, the P/B ratio reflects the perceived value of the company, irrespective of its growth prospects. Info Edge operates within the Online Service/Marketplace industry.

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