Naukri parent Info Edge shares in focus after Q1 results: Buy, sell or hold? Check targets by brokerages
Info Edge Share Price Target: Shares of Internet firm Info Edge, which owns platforms like Naukri.Com, Jeevansathi.Com, are in focus today as the company has posted a 75.6 per cent jump in consolidated profit in the first quarter of FY2024-25.
Info Edge Share Price Target
Info Edge Share Price Target: Several brokerages have raised the target. Check the targets here.
Info Edge Share Price Target: Goldman Sachs
Info Edge Share Price Target: Goldman Sachs has maintained 'Sell' but raised the target to Rs 5,700 from Rs 5,470.
Info Edge Share Price Target: Nomura
Info Edge Share Price Target: Nomura has maintained 'Buy' with a new target of Rs 8,280. Earlier, the target by the firm was Rs 6,750.
Info Edge Share Price Target: Bernstein
Info Edge Share Price Target: Bernstein has maintained 'Outperform' and raised the target to Rs 7,940 from 6,000.
Info Edge Share Price Target: Macquarie
Info Edge Share Price Target: The brokerage firm has maintained 'Underperform' with a target of Rs 4,150.
Info Edge Share Price Target: Share Price Today
Info Edge Share Price Target: Shares of Info Edge traded lower on Monday. The stock opened in green at Rs 7250.05 but at the time of filing the report, the scrib was trading 0.41 per cent lower at Rs 7,176.45 apiece on the BSE.
Info Edge Share Price Target: Profit
Info Edge Share Price Target: The company's consolidated profit at Rs 258.8 crore for the June quarter on account of all-round growth led by recruitment solutions.
Info Edge Share Price Target: Profit in April-June FY24
Info Edge Share Price Target: The company had posted a net profit of Rs 147.4 crore for April-June FY24.
Info Edge Share Price Target: Revenue from operations
Info Edge Share Price Target: Revenue from operations increased 8.1 per cent to Rs 677 crore during the quarter from Rs 626 crore a year ago.
Info Edge Share Price Target: Revenue from other businesses
Info Edge Share Price Target: Revenue from the recruitment business grew 5.6 per cent year-on-year. Revenue from real estate vertical 99acres increased 19.5 per cent, Jeevansathi (34.7 per cent), and education business Shiksha (18.4 per cent).
Info Edge Share Price Target: Merger
Info Edge Share Price Target: The Info Edge board also approved the merger of three subsidiaries Axilly Labs, Diphda Internet Services and Zwayam Digital into the company to simplify and streamline corporate structure by reducing the number of legal entities in the group.