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Info Edge: Investors advised to await clarity on business recovery

Firm hurt by rising unemployment and lack of demand for real estate

Rising income levels of consumers and their aspirational needs was the premise for lenders to ramp up this business
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Motilal Oswal Securities, which has ‘neutral’ rating, also expects some business impact during April-September 2020 period due to the expectation of a decline in billing in recruitment and real estate segments.

Shreepad S Aute Mumbai
The new normal such as work-from-home, online delivery, in the Covid-19 era is providing good traction for technology-driven businesses, and should bode well for firms like Info Edge — an online classifieds company that owns major portals like naukri.com, 99acres, and jeevansathi.

Consequently, the Street, too, has been bullish on the firm. Its stock, which had almost halved in a month from 52-week high of Rs 3,125 in February, has rebounded 75 per cent from its 52-week low seen in March to Rs 2,759 currently. These gains are more than twice the 33 per cent rise in the BSE Sensex during

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First Published: Jun 17 2020 | 6:46 PM IST

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