Are Info Edge investors betting too much on Zomato valuations?2 min read . Updated: 24 Mar 2019, 09:57 PM IST
- Zomato is now estimated at ₹451 per share value in Info Edge’s sum-of-the-parts valuation, according to HSBC Securities
- While Info Edge's flagship business Naukri.com is seeing better revenues, competition from Linkedin is a concern
The popularity of some unicorns is providing a kicker to the valuations of firms that own them. One such case is Info Edge (India) Ltd, which has about 26.4% stake in Zomato. In the past year, the stock has been riding piggyback on the rise in Zomato’s valuations, apart from an increase in analysts’ valuations of the company’s core business. It has run up gains of 52% in the past year, and—at ₹1,901.50 apiece—is close to a 52-week high.
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