Page 5 - Info Edge
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 riding on Nomura's $1.4-bn valuation of Zomato")
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")
Info Edge faces double trouble
Realty is thought to be among the sectors to be hit hardest from the government move
 "Info Edge faces double trouble")
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
 "Info Edge ups stake in VCare Tech to 14.77%")