Brokerages hold a positive outlook on Info Edge, highlighting steady growth across key segments and potential for further improvements in recruitment billings. Here’s a summary of the latest recommendations:
| Brokerage | Rating | Target Price | Key Highlights |
|---|---|---|---|
| Nomura | Buy | ₹8,630 | Positive on the recruitment vertical’s healthy bounce-back; stable billing growth in real estate; matrimony and education segments continue to expand. Reduced FY26-27 EPS estimates by 5%. |
| Citi | Buy | ₹8,850 | Target raised after a solid Q2, with revenue in line and EBITDA 3% above estimates. Recruitment billings growth is expected to accelerate in Q3, supported by gradually improving hiring activity on Naukri. |
Key Brokerage Insights
- Nomura: Maintains a ‘Buy’ rating with a target price of ₹8,630, citing strong performance in the recruitment vertical, steady billing growth in real estate, and expansion in matrimony and education. Despite a positive outlook, the brokerage has cut FY26-27 EPS estimates by 5%.
- Citi: Reiterates a ‘Buy’ rating, raising the target price to ₹8,850 following solid Q2 results, with EBITDA coming in 3% above estimates. Citi expects recruitment billing growth to accelerate in Q3, aided by a gradual improvement in hiring activity on the Naukri platform.
Brokerages remain optimistic on Info Edge’s growth potential, with both Nomura and Citi highlighting steady progress across recruitment, real estate, matrimony, and education segments. Despite a slight EPS adjustment by Nomura, Info Edge is anticipated to see continued momentum in recruitment billings and hiring activities.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
