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Info Edge hits new high, surges 26% in 9 days

Since May 25, in past nine trading sessions, the stock rallied 26% against 3% rise in Sensex.

Info Edge hits new high; surges 26% in 9 days
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SI Reporter Mumbai
Info Edge (India) hit a new high of Rs 1,060, up 12% on the BSE in intra-day trade, extending its past eight days of rally after the company reported a good set of numbers for the quarter ended March 2017 (Q4FY17).

Info Edge (India) runs online businesses like job portal Naukri, realty site 99acres and matrimonial platform Jeevansathi.
Since May 25, in past nine trading sessions, the stock rallied 26% as compared to 3% rise in the S&P BSE Sensex.

The company’s Ebitda (earnings before interest, tax, depreciation and amortization) margin improved 753 bps to 38% in Q4FY17 mainly