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This Article is From Nov 11, 2024

Info Edge Q2 Results Review - Regaining Momentum: Motilal Oswal

Info Edge Q2 Results Review - Regaining Momentum: Motilal Oswal
Staff working on the laptop. (Photo: Unsplash)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

While we expect a gradual recovery in IT services demand in late FY25, near term recruitment growth is likely to remain range-bound as companies rely on their current bench to meet demand, resulting in overall muted growth for Info Edge India Ltd.

With the management investing prudently, some of its current investments should scale up over the medium-to-long term, thereby contributing to the group's valuation.

We value the company's operating entities using DCF valuation. Our SoTP-based valuation indicates a target price of Rs 7,000. Reiterate Neutral.

Click on the attachment to read the full report:

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