As of 15-Jul, Info Edge (India) Ltd is currently priced at 1,402.60, reflecting an increase of 6.6 points or 0.47%. The stock has been gaining for the last two days, with a total return of 1.56% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in its price trend. The company has reported positive financial results, with the highest net sales and profit after tax in the last quarter, alongside a low debt-to-equity ratio and high institutional holdings at 52.09%. Despite these positives, the stock is considered expensive based on its valuation metrics, which may be a concern for some investors.
In the broader market context, Info Edge's short-term performance has been underwhelming compared to the benchmark Sensex, which has seen a decline of 1.36% over the past week while Info Edge has dropped by 3.93%. This underperformance in the short term contrasts with the stock's consistent returns over the last three years, where it has outperformed the BSE500. The recent increase in investor participation, evidenced by a significant rise in delivery volume, suggests a growing interest in the stock, but the overall market sentiment remains cautious due to its high valuation relative to peers.