Robust growth prospects make Info Edge a good long-term bet: Analysts

Besides Zomato, in which Info Edge owns 26% stake, naukri.com is also likely to report robust growth leading to improved cash flows

The stock of Info Edge has rallied over 15 per cent in October so far, in an otherwise bearish market in which leading indices such as BSE Sensex and Nifty 50 have shed around three per cent during the same period. Improvement in growth and profitability of one of its investee companies – Zomato – suggesting potential for better shareholders’ return, has revived investor sentiment for Info Edge’s stock. Zomato was under pressure in the first half of September (6.3 per cent down) amid factors such as layoff and its issues with restaurants.

Info Edge is an online classified company,