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

Broker Research
August 16, 2022 / 17:55 IST
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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.

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%.

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Outlook

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

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