According to a disclosure made by Info Edge to the stock exchanges, its subsidiary Allcheckdeals India invested a total of Rs 288 crore in 4B Networks

Info Edge initiates forensic audit into Rahul Yadav-backed startup 4B Networks

Info Edge saw its net profit for the fourth quarter of FY23 reported a loss of Rs 349.5 crore, compared to a profit of Rs 285.7 crore in the same quarter last fiscal

Info Edge initiates forensic audit in Rahul Yadav’s start-up 4B Networks

The startup, Yadav’s second venture after Housing.com failure, couldn’t provide details of financial transactions, says Info Edge.

Info Edge Initiates Forensic Audit Of Rahul Yadav’s 4B Networks Over Rs 288 Crore Write-Off

Notwithstanding the slowdown in IT hiring and rich valuation, most analysts remain positive

Despite headwinds Info Edge stock rally continues on strong Q4 performance

Sharekhan is bullish on Info Edge (India) has recommended buy rating on the stock with a target price of Rs 4876 in its research report dated May 29, 2023.

Buy Info Edge (India); target of Rs 4876: Sharekhan

Motilal Oswal recommended Neutral rating on Info Edge with a target price of Rs 4010 in its research report dated May 27, 2023.

Neutral Info Edge; target of Rs 4010: Motilal Oswal

Info Edge (India): Stock confirms head and shoulder pattern, indicating potential rally to ₹4,850. Recommended to go long at ₹4,198 with a stop-loss at ₹3,720. Just Dial: Bullish trend, breakout above resistance at ₹660, target of ₹800. Buy at ₹705, accumulate at ₹680, revise stop-loss to ₹720 when…

Movers & Shakers: Stocks that will see action this week

Info Edge said write-off was “following the principles of conservatism and prudence”, after taking into account the B2B startups continued cash burn and limited availability of cash.

Info Edge writes off investment in Bijnis; remains upbeat about investing in Indian startups

Revenue from operations saw a 28 per cent year-on-year (YoY) uptick to Rs 604.8 crore in Q4, up from Rs 472.9 crore in the same period last year

Info Edge slips into red in Q4, writes off investment in Bizcrum Infotech

Info Edge posted revenue from operations at Rs 604.78 crore, up 27.9 per cent in comparison to Rs 472.95 crore in the fourth quarter of FY22.

InfoEdge posts Q4FY23 loss at Rs 272.83 crore, revenue up 27.9% at Rs 604.78 crore | The Financial Express

Info Edge stock fell up to Rs 3741.20 against the previous close of Rs 3899.90 on BSE. Market cap of the firm fell to Rs 49,677 crore.

Info Edge shares slip into red post Q4 earnings; market cap falls below Rs 50K crore

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.