Refile: BUZZ-STREET VIEW: Analysts remain cautious on India's Info Edge as IT hiring remains subdued

Info Edge (India)

25/05/2026 06:49

Corrects typo in bullet point number 5

** India's Info Edge INED.NS reports higher revenue and profit for fourth quarter, led by real estate listing business 99acres

** Recruitment services business Naukri - biggest contributor to revenue - remains subdued on persistent slowdown in information technology (IT) industry

** Stock down 4% at 923 rupees

NO SIGNS OF NAUKRI BILLINGS ACCELERATION

** Citi Research ("sell", lowers PT to 955 rupees) lowers valuation multiple for core classifieds business on sustained headwinds to IT hiring and subdued environment in non-IT and Global Capability Centre hiring

** Motilal Oswal ("neutral", PT at 1,050 rupees) says it does not see a meaningful step-up in margins in near-term, given continued investments and moderate growth

** JM Financial ("reduce", PT at 1,000 rupees) cautious on near-term billings outlook despite management's encouraging commentary on AI-driven monetisation opportunities for Naukri and strengthening market positioning at 99acres

** Says that while improving traffic share in 99acres is comforting, a substantial pick-up in billings growth is essential to build a constructive view

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))