Buy Info Edge (India), target price Rs 7580: JM Financial

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 93344.17 Crore) operating in Services sector.

By ETMarkets.com | Updated: Aug 12, 2024, 10.26 AM IST

Promoters held 37.88 per cent stake in the company as of 30-Jun-2024, while FIIs owned 32.14 per cent, DIIs 18.68 per cent.

JM Financial has buy call on Info Edge (India) Ltd. with a target price of Rs 7580. The current market price of Info Edge (India) Ltd. is Rs 7176.45.

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 93344.17 Crore) operating in Services sector.

Info Edge (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2024.

Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 827.92 Crore, up 2.37 % from last quarter Total Income of Rs 808.72 Crore and up 20.07 % from last year same quarter Total Income of Rs 689.54 Crore. Company reported net profit after tax of Rs 272.80 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.88 per cent stake in the company as of 30-Jun-2024, while FIIs owned 32.14 per cent, DIIs 18.68 per cent.

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