Info Edge corrects on profit booking
Info Edge (India) fell 1.96% to Rs 5392.75 as the counter witnessed some bit of profit taking after a recent steep surge. The stock gained 15.72% in two sessions to end at Rs 5,500.80 yesterday, from its recent closing of Rs 4,753.70 recorded on 1 January 2021. In the past six months, the scrip has zoomed 93.57% while the benchmark Sensex has added 32.70% during the same period. On the technical front, the stock's RSI (relative strength index) stood at 77.591. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. The...
Source: business-standard.com