The Economic Times daily newspaper is available online now.

    Buy Info Edge (India), target price Rs 5450: JM Financial

    Synopsis

    Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 55617.95 Crore) operating in Services sector.

    Info EdgeAgencies
    .Promoters held 38.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 32.72 per cent, DIIs 16.37 per cent.
    JM Financial has buy call on Info Edge (India) with a target price of Rs 5450. The current market price of Info Edge (India) Ltd. is Rs 4345.7.

    Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 55617.95 Crore) operating in Services sector.

    Info Edge (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 726.81 Crore, down -16.90 % from last quarter Total Income of Rs 874.59 Crore and up 77.38 % from last year same quarter Total Income of Rs 409.75 Crore. Company reported net profit after tax of Rs 149.17 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 38.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 32.72 per cent, DIIs 16.37 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.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in