Volatility may be a good thing for investors considering Info Edge stock

Analysts bullish about holding company of popular websites like Naukri and 99acres despite value erosion of Zomato, Policybazaar, its investee firms

Info Edge, the holding company of Naukri.com, 99acres.com, Shiksha.com and Jeevansathi.com, had a strong April-June (Q1) quarter operationally. However, the share price has seen excessive volatility due to the company’s exposure to investments in Zomato and Policy Bazar, since those holdings have seen sharp value erosion.

Info Edge reported revenue growth of 55 per cent year-on-year (YoY) and 11.4 per cent quarter-on-quarter (QoQ) in Q1, 2022-23, with 67.5 per cent YoY growth in Naukri (a jobs portal). Billings, which is a leading indicator of revenues, grew 67 per cent YoY, off a low base, with Naukri billings growing 65 per