Info Edge India up on posting Q4 profit

Info Edge (India)

17/05/2024 05:54

** Shares of Info Edge (India)  INED.NS  up 5.7% to 6,202.85
rupees
    ** Naukri.com owner reported Q4 profit of 603.9 mln rupees
($7.2 mln) vs loss of 2.73 bln rupees a year earlier
    ** INED and peer Just Dial  JUST.NS  rated "buy" on avg -
LSEG data
    ** INED's trade volume at more than 640,000, compared to
30-day avg of 290,000
    ** YTD, INED up ~22% and JUST up ~23%

($1 = 83.4900 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))