Buy Info Edge (India), target price Rs 5650: HDFC Securities

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16.02.2024 - 05:25

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economictimes.indiatimes.com:

Info Edge (India) with a target price of Rs 5650. The current market price of Info Edge (India) Ltd. is Rs 5283.3. Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 68250.12 Crore) operating in Services sector.
Info Edge (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2023.

Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 659.81 Crore, down -16.69 % from last quarter Total Income of Rs 792.01 Crore and down -31.80 % from last year same quarter Total Income of Rs 967.45 Crore. Company reported net profit after tax of Rs 139.09 Crore in latest quarter.

Promoter/FII Holdings Promoters held 37.91 per cent stake in the company as of 31-Dec-2023, while FIIs owned 30.47 per cent, DIIs 19.46 per cent.

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