Info Edge up 3%; UBS retains buy, Naukri earnings key

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Moneycontrol Bureau

Shares of Info Edge India gained 2.7 percent intraday Thursday, in addition to 2 percent rally in previous session. Brokerage UBS has maintained its buy rating on the stock with a price target of Rs 1,000.

While explaining target price methodology, the brokerage said, "We value Naukri at Rs 575, 99Acres at Rs 137, stake in Zomato at Rs 174 and cash at Rs 114."

It believes Naukri continued to drive earnings for the company and Zomato is the key for stock price.

Naukri witnessed strong growth during FY15 as unique customers grew 12 percent Y-o-Y and revenue per unique customer increased 7 percent Y-o-Y resulting into a 20 percent Y-o-Y growth in revenues. The Career Site Manager (CSM) client count reached 1,300 during the quarter, which involved primarily mid-sized businesses.

99Acres revenues grew 32 percent Y-o-Y (against 47 percent Y-o-Y in FY14) as the real estate markets remained sluggish resulting in lower demand.

However, during the year, losses for 99Acres and Zomato widened as the company continued to invest for future growth, while Naukri continued to witness healthy profit growth of 21 percent Y-o-Y. 99Acres EBITDA level losses widened to Rs 37.4 crore in FY15 and Zomato losses more than tripled to Rs 136 crore.

UBS believes that being present globally, Zomato can be a game changer going forward. Visibility on 99Acres remains limited with fierce increase in competitive intensity, it said.

The brokerage revised its estimates for FY16/17E by 3 percent/2 percent as it incorporated higher revenue growth for Naukri.com. It forecast revenue CAGR of 19 percent for Naukri during FY15-17E.

At 13:00 hours IST, the scrip of Info Edge India was quoting at Rs 802.60, up Rs 1.65, or 0.21 percent on the BSE.

Posted by Sunil Shankar Matkar