Shares of Info Edge (India) Ltd fell over 2% in early trade after global brokerage firm Citi trimmed its target price on the stock to ₹1,675, while maintaining a ‘Buy’ rating. The revision follows the company’s Q4 results, where EBITDA fell short of expectations due to higher advertising and promotional (A&P) expenses, particularly in the recruitment and property segments.
Despite the short-term pressure on margins, Citi remains optimistic about Info Edge’s long-term growth prospects. The brokerage noted that the company is benefiting from improving attrition trends in the IT services sector, which has led to better billings growth in FY25.
Citi also highlighted Info Edge’s efforts to diversify its client base across sectors and regions. This strategic expansion, along with a focus on strengthening revenue streams and market share—especially compared to traditional recruitment consultants—supports the positive outlook.
Looking ahead, Citi expects attrition in IT services to remain stable, allowing Info Edge to capitalize on other growth drivers. The company’s continued investment in marketing is seen as a long-term value builder despite short-term margin pressure.
Info Edge shares opened at ₹1,455.00 today, matching the day’s high before dipping to a low of ₹1,405.50. The stock remains significantly below its 52-week high of ₹1,825.78 but well above the 52-week low of ₹1,050.00.
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