Traction in hiring, improving real estate demand positives for Info Edge

Continued traction in hiring trends and improving demand trajectory in the real estate space is positive for online classifieds major Info Edge (India). The Naukri JobSpeak index for February was up 31 per cent y-o-y (13.3 per cent up sequentially) taking that index to an all-time-high signifying the highest ever hiring activity. This coupled with data for FY22 till January (10 months) from the Employees’ Provident Fund Organisation indicates strong momentum in the formal job market.

The company, which runs the country’s largest online recruitment portal, naukri.com with a market share of 62 per cent, is a key beneficiary of