StocksMarket.in

Hold Info Edge; target of Rs 2350: Sharekhan

August 15
01:24 2019

Sharekhan’s research report on Info Edge

Investments in product and advertising to continue across all businesses to gain market share. Recruitment business likely to maintain growth momentum, led by IT hiring; billings growth in 99acres could moderate in the medium term owing to ongoing liquidity issues. Reported strong revenue growth led by healthy growth in recruitment and 99acres, while margins missed the mark owing to investments in product and advertising.

Outlook

We retain our Hold rating on Info Edge (India) Limited (Info Edge) with a PT of Rs. 2,350.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.

Related Articles

Archives