ICICI Direct has given Buy recommendation for Info Edge (India) with a target price of Rs. 5230 in its research report issued on Aug 14, 2022
ICICI Direct’s research report on Info Edge (India)
Info Edge provides internet based service delivery like recruitment services (Naukri), real estate (99 acres), Jeevansathi and Shiksha. Quasi play on Indian start up like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services & real estate market • Prudent capital allocation and recruitment business EBITDA margin >50%.
We maintain BUY rating on the stock. We value Info Edge at Rs 5,230 on SOTP basis.