Info Edge Rallies Amid Flurry of Thumbs-ups From Brokerages

Mumbai, July 8: Info Edge (India) share price extended its winning streak for a second straight session on Wednesday, rising as much as 5%, after the company’s June quarter business update prompted a flurry of bullish brokerage reports.

The stock outperformed the broader market as benchmark indices traded under pressure amid global risk-off sentiment. The rally follows the company’s better-than-expected operational update for the April-June quarter, with investors cheering healthy growth across its key internet businesses. As of writing the stock was up 1.6% at Rs 1,177.70.

Brokerages turn more Optimistic

Several brokerages raised their target prices on the stock after the update, citing sustained momentum in the core recruitment business, improving traction in non-recruitment verticals and stronger monetisation prospects.

Brokerages maintained their positive stance, highlighting the resilience of the Naukri business despite a mixed macroeconomic environment. They expect earnings upgrades to follow as hiring activity remains healthy and operating leverage improves.

Stock was seen paring gains towards the fag end of trade. Source: NSE

Analysts pointed to broad-based growth across businesses and a favorable risk-reward profile after the company’s operational performance exceeded expectations. Domestic and global brokerages echoed similar optimism, saying the Q1 update reinforces confidence in Info Edge’s long-term growth trajectory.

Strong Business Update

Info Edge reported standalone billings of Rs 737 crore for the June quarter, up 14% year-on-year. The recruitment business, its largest revenue contributor, continued to lead growth, with billings rising 18% to Rs 553 crore.

The company’s real estate portal 99acres posted healthy double-digit growth, while Jeevansathi also registered strong expansion. The education platform Shiksha showed a fall.

Investors also drew comfort from the company’s continued investments in new-age businesses and artificial intelligence initiatives, which brokerages believe could create long-term value alongside its profitable core operations.

Market Sentiment Improves

The sharp rally marks a reversal for the stock, which had underperformed for much of 2026 amid concerns over slowing hiring demand and rich valuations. Analysts now believe the latest business update suggests those fears may have been overstated.

While most brokerages remain positive, some cautioned that the recent run-up has narrowed the near-term upside and execution across newer businesses will remain a key monitorable.

Even so, the consensus view is that Info Edge remains well positioned to benefit from a recovery in hiring activity, improving digital advertising demand and the long-term growth potential of India’s internet economy, supporting investor interest in the stock.

Source: https://www.nseindia.com/get-quote/equity/NAUKRI/Info-Edge-(India)-Limited