The IIFL Securities Report: Buy Info Edge (I) - March 21

IIFL Securities has recommended a buy call for Info Edge (I) with a target price of Rs 5400, representing an upside potential of approximately Rs 228 from the current market price of Rs 5271.25. This recommendation is based on the company's strong fundamentals, including consistent growth in its recruitment and online classifieds businesses. Info Edge is expected to benefit from the increasing demand for digital services and the growing internet penetration in India.

About Info Edge (I):

Info Edge (India) Ltd. is a leading digital platform company listed on the National Stock Exchange (NSE) of India. It operates a diverse portfolio of online businesses including: * Naukri.com: A leading job portal * Jeevansathi.com: A matrimonial website * 99acres.com: A real estate portal * Shiksha.com: An education portal * Zomato: A food delivery app Info Edge has a strong financial track record with consistent growth in revenue and profitability. It has a proven ability to innovate and adapt to changing market conditions, making it a valuable investment for shareholders.

52 Week Price Trend:

Info Edge (I) Limited (NSE:NAUKRI) is currently trading at Rs 5271.25, which falls within its 52-week range of Rs 3308.2 to Rs 5545. The company's stock price has experienced significant volatility over the past year, reaching a high of Rs 5545 and a low of Rs 3308.2. Info Edge is a leading provider of online classifieds in India, operating popular platforms such as Naukri.com, Jeevansathi.com, and 99acres.com. The company's financial performance has been strong in recent quarters, driven by growth in its recruitment and property segments.

Stratzy's MOST Analysis:

NAUKRI has been assigned a BB- rating by Stratzy's MOST framework, indicating Medium Fundamental Risks. This rating is based on the company's performance in four key pillars: Management (B), Outlook (B), Safety (B), and Trend (B). A score of B in each pillar suggests that while NAUKRI has shown some strengths, there are also areas where improvement is necessary to mitigate potential risks. Investors should carefully consider these factors before making investment decisions.

Company's Fundamentals:

Info Edge (I) is a well-established company on the National Stock Exchange (NSE) in India. The company's Stock PE ratio, which is a valuation measure that compares the current stock price to the company's earnings per share, currently stands at 321.78. This indicates that investors are willing to pay a premium for Info Edge shares. The PB Ratio, which represents the price of a company's stock in relation to its book value per share, is 3.45 for Info Edge, suggesting that the company is trading at a relatively higher premium to its book value. The Dividend Yield, which expresses the annual dividend paid to shareholders as a percentage of the current stock price, is 0.36% for Info Edge. This relatively low yield may reflect the growth-oriented nature of the company and its focus on reinvesting earnings into its business.

Fundamental and Technical information provided in this blog were last updated on 21 Mar, 2024

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