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Last Updated : Aug 14, 2019 03:29 PM IST | Source: Moneycontrol.com

Hold Info Edge; target of Rs 2350: Sharekhan

Sharekhan recommended Hold rating on Info Edge with a target price of Rs 2350 in its research report dated August 13, 2019.

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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


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First Published on Aug 14, 2019 03:29 pm
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