Hold Info Edge (India); target of Rs 4590: ICICI Direct
ICICI Direct's research report on Info Edge (India)
Info Edge provides internet based service delivery like recruitment services (Naukri), real estate (99 acres), Jeevansathi and Shiksha. Quasi play on Indian start up like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services & real estate market • Prudent capital allocation with recruitment business EBITDA margin >50%.
We change our rating on the stock from BUY to HOLD. We value Info Edge at Rs 4,590 on SOTP basis.
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