Info Edge (India) Ltd Share Price (NAUKRI)

Info Edge Shares Surge After Strong Q4 Performance - 08 Apr, 2024

Info Edge (India) Ltd reported a 10.5% YoY increase in Q4 standalone billings to Rs 826.9 crore, leading to a surge in share prices. Recruitment Solutions revenue rose 7%, while revenue from 99acres for Real Estate grew by 27%. Nomura reiterated its buy stance on the stock with a target price of Rs 6,210.

Info Edge Reports Increase in Standalone Billings for Q4 and FY19-20 - 07 Apr, 2024

Info Edge (India) Ltd, the parent company of Naukri.com, reported a 3.5% jump in standalone billings for Q4 2024, with recruitment solutions contributing the most. The real estate arm, 99acres, also saw an increase in billings. For the fiscal year ended March 31, 2024, standalone billings peaked at Rs 2,495.9 crore.

Info Edge (India) Ltd Benefits from Optimism in Job Market - 29 Mar, 2024

Info Edge (India) is experiencing strong investment trends and hitting new highs due to optimism about a pickup in the jobs market, benefiting Naukri. The February 2024 JobSpeak Index showed a 13% MoM improvement over January 2024, with strong hiring across oil & gas and pharma sectors. Management remains optimistic despite IT hiring slowdown.

Info Edge (India) Ltd Stock Shows Promise - 28 Mar, 2024

ICICI Securities reports marked improvement in IT hiring since November 2023, a lead indicator for recovery in IT sector hiring. Analysts predict Info Edge's property vertical 99acres will turn profitable soon. The value of its holding in Zomato has also risen sharply.

Info Edge Invests in Subsidiary and Receives Positive Analyst Rating - 27 Mar, 2024

Info Edge (India) invests Rs 30 crore in its subsidiary Redstart Labs. ICICI Securities recommends a 'Buy' rating on Info Edge with a revised target price of INR 6,993 citing potential profitability in 99acres by Q1FY25E and strong performance of Zomato.

Bullish Outlook for Info Edge (India) Ltd Based on Technical Analysis - 22 Mar, 2024

Info Edge (India) Ltd is expected to remain above a strong support zone at ₹5,000 and potentially rise to ₹5,600 based on technical analysis. Traders can go long now at ₹5,305 and accumulate on dips at ₹5,220.

Info Edge Share Price Down Slightly - 18 Mar, 2024

Info Edge (India) Ltd's stock price is down slightly at Rs 5235.25 and has climbed 50.05% in the last one year. The company reported a decline in consolidated sales for Q3FY24.

BofA Hikes Target Price for Info Edge (India) Ltd - 15 Mar, 2024

Bank of America has maintained an Underperform rating on Info Edge (India) Ltd but hiked the target price to Rs 4,050 from Rs 3,540. The US-based brokerage sees slight uptake in Naukri.com though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres. Limited visibility on which investee companies have potential to lead to value unlocking.

Info Edge's Non-IT Segments Show Robust Performance Amid IT Hiring Spike - 12 Mar, 2024

The Naukri JobSpeak index showed a 16% sequential increase in IT sector hiring, indicating demand revival. Info Edge earns half its revenue from the IT sector but has seen growth in non-IT areas, offsetting sluggishness. Billing in recruitment dropped 1.4%, with growth in non-IT areas mitigating the fall in IT segment. Shares have risen 49% YoY, buoyed by market capitalizations of Zomato and PB Fintech where Info Edge holds stakes.

Info Edge Founder Admits Missed Opportunities - 11 Mar, 2024

Sanjeev Bikhchandani, the founder of Info Edge India Ltd, has admitted to passing on investment opportunities in Indian startups like Flipkart, Ola, BigBasket, and Snapdeal. While early bets on Zomato and Policybazaar have been successful for Info Edge shareholders.