Business Standard

Info Edge gains 9% in three days, hits record high post Q2 results

The management said it was seeing gradual recovery of billings across all businesses

Following the sharp run-up, returns are expected to plateau.

SI Reporter Mumbai
Shares of Info Edge (India) rose 5 per cent to its record high of Rs 3,851 on the BSE on Friday, gaining 9 per cent in three days after it announced the September quarter (Q2FY21) results on Tuesday. The stock surpassed its previous high of Rs 3,784, touched on October 14, 2020.

While announcing the September quarter results, the management said it is seeing gradual recovery of billings across all businesses. The quarter-on-quarter (QoQ) billings have grown by 32.3 per cent, it said.

However, in Q2FY21, the company’s billings dipped 17 per cent year-on-year (YoY) at Rs 249.5

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First Published: Nov 13 2020 | 2:45 PM IST

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