Info Edge (India)

The guidance says there are clear signs of a slowdown in IT hiring, with supply pressure easing and lower attrition

The losses in the recent quarter mainly accrued as the company wrote off its investment in property tech start-up 4B Networks. It had invested Rs 276 crore in the start-up as of September 2022

Ongoing investments in 99acres amid rising competition may hinder profitability

Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding

Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.

Cash deployment and valuation upside for new business/investee firms are other triggers

However, if IOC shares rally 10-15% from current levels over next few weeks and Apollo or Info Edge fall or remain unchanged, there could be a status quo

The technical & derivative analyst from HDFC Securities recommends buying Chambal Fertilisers and Info Edge

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

The company expects that in the post-COVID-19 environment there will be faster absorption of internet-based activities in the domains where it operates

Info Edge to sell shares worth Rs 375 crore in Zomato IPO

IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there

ICICI Securities believes Info Edge will be a key beneficiary of a shift of advertising to the online medium

PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter

FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31

Info Edge on Tuesday said it will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato

"On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent," Info Edge said in the stock exchange filing

Analysts at Edelweiss Securities have 'Hold' rating on the stock with a target price of Rs 5,460 considering the core business's steep valuation

The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart

The management said it was seeing gradual recovery of billings across all businesses