 "In an August 30 report, Dealmoney Financial Services said Info Edge is one of the very few profitable pure play internet companies in the country")
Info Edge shares advanced 4.8 per cent to hit a high of Rs 3,462 per share on the BSE on Wednesday after a HSBC report said it valued the company's share in food delivery app Zomato at $1.1 billion. Besides, in a blue-sky scenario, India food delivery could be valued at $30 billion in the long term, implying Info Edge’s share in Zomato at $3.5 billion.
"Among all the potential positive triggers for the IE’s share, Zomato is the most critical. While other companies such as Naukri and Policybazaar are great assets for IE, Zomato can significantly impact it’s valuation in
