Info Edge (India) climbs on Q1 profit rise

Info Edge (India)

09/08/2024 10:40

** Shares of Info Edge (India)  INED.NS  are up 4.5% at
7,219 rupees 
    ** Naukri.com owner reported 47% y/y rise in Q1 profit, rev
rose 8% 
    ** Co posts fourth straight qtr of profit rise    
    ** Stock is rated "buy" on avg, similar to other internet
stocks Zomato  ZOMT.NS  and Just Dial  JUST.NS  - LSEG data   
    ** INED up 40% YTD vs ZOMT's 117% and JUST's 60% rise 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))