India's Info Edge drops after Q3 billings miss estimates

Info Edge (India)

07/01/2025 08:14

** Shares of Info Edge  INED.NS  fall 4%, set for biggest
one-day drop since Feb 2024
    ** The parent of job portal Naukri.com posts Q3 standalone
billings of 6.68 bln rupees ($78 mln), up 16% yoy but missing
analysts' estimate of 6.83 bln rupees, per LSEG
    ** Stock rated 'buy' on avg by 18 analysts -LSEG
    ** Shares have gained 64.2% in last 12 months
 
 ($1 = 85.6660 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))