Buy Info Edge (India), target price Rs 6050: ICICI Securities

ICICI Securities has buy call on Info Edge (India) with a target price of Rs 6050. The current market price of Info Edge (India) Ltd. is Rs 4572.75.

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 59280.01 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 30-09-2023, the company reported a Consolidated Total Income of Rs 792.01 Crore, up 14.86 % from last quarter Total Income of Rs 689.54 Crore and up 8.97 % from last year same quarter Total Income of Rs 726.81 Crore. Company reported net profit after tax of Rs 314.06 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.98 per cent stake in the company as of 30-Sep-2023, while FIIs owned 31.21 per cent, DIIs 18.24 per cent.