Buy Info Edge (India), target price Rs 5800: ICICI Direct

ICICI Direct has buy call on Info Edge (India) with a target price of Rs 5800. The current market price of Info Edge (India) Ltd. is Rs 4679.55. 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 60064.27 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 31-12-2021, the company reported a Consolidated Total Income of Rs 533.88 Crore, up 30.29 % from last quarter Total Income of Rs 409.75 Crore and up 71.43 % from last year same quarter Total Income of Rs 311.42 Crore. Company reported net profit after tax of Rs 2223.89 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.