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I-Sec maintains Hold call on Info Edge, lowers target price to Rs 1,530


ICICI Securities has maintained its Hold call on Info Edge (India) with a revised target price of Rs 1,530 (earlier Rs 1,600). The current market price of Info Edge (India) Ltd. is Rs 1446.55. Info Edge (India), incorporated in 1995, is a Large Cap company with a market cap of Rs 93818.90 crore, operating in the Services sector.

Info Edge’s key products/revenue segments include Sale of services for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1270.45 crore, up 39.69% from last quarter Total Income of Rs 909.48 crore and up 57.09% from last year same quarter Total Income of Rs 808.72 crore. The company has reported net profit after tax of Rs 693.60 crore in the latest quarter.

The company’s top management includes Mr.Kapil Kapoor, Ms.Aruna Sundararajan, Mr.Pawan Goyal, Mr.Sanjiv Sachar, Mr.Ashish Gupta, Mr.Sharad Malik, Ms.Geeta Mathur, Mr.Chintan Thakkar, Mr.Hitesh Oberoi, Mr.Sanjeev Bikhchandani, Mr.Arindam Kumar Bhattacharya. The company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 65 crore shares outstanding.

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Investment Rationale
ICICI Securities maintains HOLD with a revised target price of Rs 1,530 (earlier Rs 8,000 stock split 1:5), valuing Info Edge using the SoTP framework. Upside risks: Faster-than-expected recovery in IT hiring and unwinding of holding company discount for listed portfolio of investments in case the stock continues to outperform Street?s expectations. Downside risks: Slowdown in IT hiring, increased competitive intensity in recruitment business or real estate business and mark down in valuation of investments. Promoter/FII Holdings
Promoters held 37.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 33.25 per cent, DIIs 18.18 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



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