ICICI Direct has given Buy recommendation for Info Edge with a target price of Rs. 6270 in its research report issued on Aug 17, 2021

ICICI Direct’s research report on Info Edge

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 Prudent capital allocation and recruitment business EBITDA margin >50%

Outlook

We continue to remain positive and retain our BUY rating on the stock We value Info Edge at Rs i.e. 6270 on SOTP basis

 

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