Page 4 - Info Edge

Slowdown in IT and real estate sectors a pain point for Info Edge

In Q3, Naukri and 99acres reported sharp contraction in billing growth

Info Edge posts Rs-38 cr pre-tax loss in Q3, income rises 11% to Rs 359 cr

Segment-wise, it posted a 16 per cent rise in revenue on a y-o-y basis both for recruitment solutions and 99 acres segments

Despite good Q2 numbers, cloud over Info Edge's near-term prospects

While billing growth may remain under pressure for recruitment business naukri.com, analysts are sceptical about real estate segment 99acres.com sustaining profits

MSCI adds Info Edge, Indraprastha Gas to India Index; YES Bank, BHEL out

MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year. It has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement. Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India. MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include ..

Robust growth prospects make Info Edge a good long-term bet: Analysts

Besides Zomato, in which Info Edge owns 26% stake, naukri.com is also likely to report robust growth leading to improved cash flows

Layoffs by Zomato erase $360 million from Info Edge's market value

Zomato Media Pvt., in which Info Edge holds a 26.38% stake, laid off 541 people on Sept. 7, Business Standard had reported

ShopKirana raises $10 mn from Info Edge and others in series-B round

Funding will help firm expand to major major tier-II cities of India

Naukri.com parent Info Edge to acquire Highorbit Careers for Rs 81 cr

The company has agreed to acquire 100 per cent share capital on a fully diluted basis, Info Edge said in a BSE filing

Naukri.com owner Info Edge churns its portfolio, sells Canvera to Printo

Canvera was Info Edge's third largest start-up investment after Zomato and e-learning firm Meritnation

Hiring to drive Info Edge stock performance; realty vertical to aid growth

The upside trigger for the stock could be a valuation upgrade for the investments the company has made in various segments

Info Edge gains 10% after agreement with SoftBank for joint investment

The stock surged 10% to Rs 1,288 on the BSE after the company said it has signed an agreement with SoftBank to jointly invest $90 million in Etechaces, the parent of PolicyBazaar.

Info Edge riding on Nomura's $1.4-bn valuation of Zomato

The Info Edge stock spurted up 7.5 per cent on Friday adding to the 19 per cent gains since the end of August on brokerage upgrades. The bullish view on the stock which hit its 52-week high on Friday stems from the growth potential of Zomato, its 46 per cent-owned online restaurant classifieds business as well as expected returns from the jobs vertical once recovery takes hold. Analysts at Nomura have upgraded the target price of Info Edge to Rs 1,280 from Rs 1,100 on higher valuation for the company's stake in Zomato. They believe that the street's valuation of $1billion for Zomato is too low and the company should in fact get valued at around $1.4 billion. The say that given the restaurant classified business is a globally scalable one which utilises the network effects of its restaurant discovery platform, enabling monetisation in food ordering at low customer acquisition costs. Zomato's revenues, according to them, could grow by 6.5 times to more than $300 million over the next ...

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 faces double trouble

Realty is thought to be among the sectors to be hit hardest from the government move

Info Edge ups stake in VCare Tech to 14.77%

VCare offers a phone directory app, Diro Labs, which works as a cross platform sharable collaborative phonebook