You are here: Home » Markets » News
Business Standard

Info Edge drops 12% in 2 days despite analysts raising targets; here's why

Analysts at Edelweiss Securities have 'Hold' rating on the stock with a target price of Rs 5,460 considering the core business's steep valuation

Topics
Buzzing stocks | Info Edge (India) | Markets

Nikita Vashisht  |  New Delhi 

On February 12, Info Edge had reported a 22.7 per cent on year decline in standalone net profit at Rs 69.87 crore
On February 12, Info Edge had reported a 22.7 per cent on year decline in standalone net profit at Rs 69.87 crore

Shares of Info Edge India, one of the leading internet firms in the country, declined 4.4 per cent in Wednesday's intra-day session to hit a low of Rs 4,865 per share. With today's slide, the share price has tumbled 12 per cent in two days.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, February 17 2021. 12:52 IST
RECOMMENDED FOR YOU
.