The Sanjeev Bikhchandani-led company said its recruitment solutions saw billings rise over 18 percent YoY to Rs 740.3 crore, while its arm 99acres saw billings jump nearly 22 percent YoY to Rs 159.8 crore in Q4 FY25.
Risks for Info Edge include a slow recovery in the recruitment classified vertical and poor performance of its listed investments, Nomura said
Info Edge sold its entire stake in personal care firm Happily Unmarried for Rs 61 crore to VLCC Health Care Limited
E-commerce comprises only 5 percent of India's retail market which shows that the industry still has a long way to go.
The filing did not disclose the number of shares involved in the transaction.
Dinesh Rohira of 5nance.com talks about why investors should watch out for the stocks of Info Edge.
Zomato and Naspers-backed Delivery Hero will then enter services agreements under which Zomato will continue to run the business on its own platform, Info Edge said.
On the upside, the index has resistance zone in the region of 10840-10870 levels. But, crossing above 11000 levels on a sustainable basis will confirm the uptrend.
The Nifty index has an immediate resistance at 10650-10660 which needs to be crossed for the rally to continue towards 10745-10845 levels.
We expect the index to consolidate with a positive bias and oscillate between the broad range of 9,500 and 9,750 in the coming sessions while stock specific activity will remain in focus.
Recruitment activity had increased by 13 percent in January 2014 over the previous month. The Naukri Job Speak Index for the month of February 2014, saw a rise on month-on-month basis as well as year-on-year basis.