In the past 18 trading days (since September 25), Just Dial has zoomed 70 per cent after its promoter & director, Anita Mani acquired more than 1 per cent stake in the company through open market
Q1 was better than estimates, but the 44 per cent drop in billing points to a weak revenue and margin outlook
Axis Capital expects to see the company's gradual recovery from Q3FY21
HSBC Global Research, in its recent report, valued food delivery firm Zomato at $5 billion, a major increase from its earlier valuation of $3.5 billion
The entire banking space seems to have revived and is seeing a catch-up move to the broader market
The floor price of the QIP has been fixed at Rs 3,177.18 per equity share
Policybazaar is planning to have an initial public offering (IPO) with valuation worth $3.5 billion
The company will conduct a postal ballot by way of remote e-voting facility to obtain members' approval for the QIP
Valuations still not fair, given uncertainty over revenues
Post inclusion, stocks under the F&O segment will now be 143, up from 140, with effect from February 28, when the March series begins
Segment-wise, it posted a 16 per cent rise in revenue on a y-o-y basis both for recruitment solutions and 99 acres segments
The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh and Sri Lanka.
While billing growth may remain under pressure for recruitment business naukri.com, analysts are sceptical about real estate segment 99acres.com sustaining profits
Besides Zomato, in which Info Edge owns 26% stake, naukri.com is also likely to report robust growth leading to improved cash flows
The stock has rallied 19 per cent so far in October.
In the past three weeks, the stock has outpaced the market by surging 20 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.
Zomato Media Pvt., in which Info Edge holds a 26.38% stake, laid off 541 people on Sept. 7, Business Standard had reported
The stock was trading higher for the seventh straight day. It has rallied 5% to Rs 1,695 on the BSE in early morning deal.
The stock has moved higher to its record high of Rs 1,492, up 10%, extending its past two days 8% rally on the BSE.