Buy Info Edge (India), target price Rs 4865: Geojit

Geojit has buy call on Info Edge (India) with a target price of Rs 4865. The current market price of Info Edge (India) Ltd. is Rs 3563.9. Time period given by analyst is one year when Info Edge (India) Ltd. price can reach defined target.

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 47328.16 Crore) operating in Services sector.

Info Edge (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 699.86 Crore, up 31.09 % from last quarter Total Income of Rs 533.88 Crore and up 94.77 % from last year same quarter Total Income of Rs 359.33 Crore. Company has reported net profit after tax of Rs 767.69 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 38.17 per cent stake in the company as of 31-Mar-2022, while FIIs owned 33.99 per cent, DIIs 15.66 per cent.