India's Info Edge rises after second-quarter billings growth
BUZZ-India's Info Edge rises after second-quarter billings growth ** Shares of India's Info Edge INED.NS, parent of jobs portal Naukri.com, rise 2.35% to 1,210.60 rupees
** Co reported 12.8% year-on-year growth in second-quarter standalone billings to 8.22 billion rupees, driven by growth in recruitment, real estate and matchmaking businesses
** Recruitment business Naukri's billings rose 12.6%, while real estate platform 99acres posted 21.2% growth
** Nomura ("Buy", TP: 1,480 rupees) says Naukri's billings growth missed its 15% estimate, but 99acres' growth exceeded its forecast
** Brokerage expects Info Edge's overall billings to grow 14% in FY27, compared with 10% growth in FY26
** INED rated "buy" on average by 20 analysts, median PT at 1,480 rupees--LSEG compiled data
** YTD stock down 9.20%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Info Edge (India)
See all newsBrief: Info Edge (India) Approves 1 Billion Rupees Investment In Startup Internet Services
India's Info Edge rises after second-quarter billings growth
Brief: Info Edge (India) Says Standalone Billings Grew 12.8% YoY In Q2fy27
Brief: Info Edge (India) Says Himanshu Agarwal To Assume Office As Chief Financial Officer And Additional Director
Brief: Info Edge (India) To Invest About 100 Million Rupees In Unit Startup Investments (Holding)