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Buy Info Edge (India): target of Rs 5230: ICICI Direct

ICICI Direct is bullish on Info Edge (India) has recommended buy rating on the stock with a target price of Rs 5230 in its research report dated August 14, 2022.

August 16, 2022 / 17:55 IST
The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution.
     
     
    26 Aug, 2025 12:21
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    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%.

    Outlook

    We maintain BUY rating on the stock. We value Info Edge at Rs 5,230 on SOTP basis.

    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.

    Info Edge (India) - 140822 - ic

    Broker Research
    first published: Aug 16, 2022 05:55 pm

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