Healthy performance of 99acers; reiterate ‘Neutral’ on fair valuations

Info Edge Q2 Results Review - IT Weakness To Drag Naukri’s Performance In FY24E: Motilal Oswal

Geojit is bullish on Info Edge (India) has recommended buy rating on the stock with a target price of Rs 4896 in its research report dated August 24, 2023.

Buy Info Edge (India); target of Rs 4896: Geojit

Motilal Oswal recommended Neutral rating on Info Edge with a target price of Rs 4200 in its research report dated August 12, 2023.

Neutral Info Edge; target of Rs 4200: Motilal Oswal

Vikas Om Prakas Noval, a Rajasthan-based vendor, has filed a first information report (FIR) against 4B Network’s Founder Rahul Yadav. The FIR alleges fraud and criminal breach of trust. Yadav’s company is already undergoing a forensic audit by investor Info Edge

Vendor files FIR against Rahul Yadav alleging fraud

Naukri.com parent Info Edge (India) Ltd on Friday said it will invest Rs 10 crore in its wholly-owned subsidiary Zwayam Digital Pvt Ltd. The investment is being done to meet the working capital requirement of Zwayam, Info Edge said in a statement.

Naukri parent Info Edge to invest Rs 10 crore in SaaS subsidiary Zwayam

The stock quoted a 52-week high of Rs 4984.1 and a 52-week low of Rs 3310.0.

Info Edge shares drop 2.41% as Sensex falls

Result Review for Berger Paints, Info Edge, Astral, Voltas, Apollo Tyres, Bata

A short build-up was seen in 66 stocks, including Apollo Tyres, Max Financial Services, Britannia Industries, Info Edge India, and Laurus Labs. An increase in OI along with a fall in price points to a build-up of short positions.

Trade setup for Monday: Top 15 things to know before the opening bell

The consumer internet group has initiated arbitration proceedings against its portfolio company 4B Networks, founded by Housing.com cofounder Rahul Yadav, after the startup failed to provide crucial information about its operations and management for a forensic audit.

Backing Rahul Yadav’s 4B Networks was a mistake, says Info Edge’s Sanjeev Bikhchandani

Online fashion retailer Nykaas parent firm posted a 8% jump in net profit to Rs 5.4 crore for the April-June quarter, while operating revenue rose 24% to Rs 1,422 crore. This and more in todays ETtech Top 5.

Nykaa Q1 profit up 8%, revenue jumps 24%; Backing Rahul Yadav’s 4B Networks a mistake: Info Edge

“Non-IT, in Q4 or even Q3 last year, was doing much better and that has taken care of the slowdown in IT hiring. Non-IT hiring even in this quarter is much better than what the IT hiring has been, but not enough to offset the entire degrowth on the IT hiring side. But that also seems to be slowing d…

Non-IT hiring not enough to offset degrowth in IT hiring: Info Edge CFO

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Info Edge (India) Limited is a holding company involved in online classifieds business. Its segments include Recruitment Solutions, 99acres, Online Restaurant Discovery and Others. The Others segment includes Jeevansathi and Shiksha services.