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

HDFC Securities has buy call on 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.