Top Stocks Today : IIFL Securities has Buy call on Info Edge (I) - August 16

On August 16th, IIFL Securities issued a buy call on Info Edge (I) recommending its purchase at the current market price of Rs 7351.75. They established a target price of Rs 7500, implying an upside potential of approximately 2%. This buy call suggests that IIFL Securities anticipates positive returns from Info Edge (I) in the near future due to its strong fundamentals or potential growth prospects.

About Info Edge (I):

Info Edge (I) is a leading Indian internet company listed on the National Stock Exchange (NSE). Founded in 1995, the company operates a portfolio of online platforms, including Naukri.com (job search), 99acres.com (real estate), Jeevansathi.com (matrimony), and Zomato (food delivery). Info Edge has a strong presence in the Indian tech industry and consistently ranks among the top 50 publicly listed companies in India by market capitalization. The company's revenues primarily come from advertising and subscription fees from its online platforms. Info Edge is known for its innovative technology, customer-centric approach, and strong financial performance.

52 Week Price Trend:

Info Edge India (NSE: NAUKRI), a conglomerate with interests in online recruitment, real estate, and education, is trading at Rs 7351.75, considerably higher than its 52-week high of Rs 5545. This surge reflects the company's robust performance in its core recruitment business, Naukri.com, which continues to dominate the Indian online recruitment market. Additionally, the company's investments in real estate and education have also contributed to its growth. However, the stock's 52-week low of Rs 3308.2, reached during the COVID-19 pandemic, highlights the volatility associated with the company's cyclical nature.

Stratzy's MOST Analysis:

NAUKRI has received a BB- rating from Stratzy's MOST framework, which assesses Management, Outlook, Safety, and Trend. This rating indicates Medium Fundamental Risks, based on the framework's scoring system. The rating suggests that while NAUKRI may have some areas of concern, it also has strengths that mitigate the overall risk. Investors should carefully consider these factors when making investment decisions.

Company's Fundamentals:

Info Edge (I) is a leading player in the Indian online classifieds industry. Its key financial metrics include a Stock PE (Price-to-Earnings Ratio) of 321.78, indicating that its share price is relatively high compared to its earnings. The PB Ratio (Price-to-Book Ratio) of 3.45 suggests that the company's market value is 3.45 times its book value, indicating potential undervaluation. The Dividend Yield of 0.36% represents the annual dividend payment as a percentage of the current share price, providing investors with a modest income stream. These metrics provide insights into Info Edge's valuation, profitability, and dividend policy.

Fundamental and Technical information provided in this blog were last updated on 16 Aug, 2024

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