Info Edge impresses on returns, but downgrades begin to appear1 min read 19 Aug 2019, 11:34 PM IST
On a stand-alone basis, revenues grew at 20.5% in Q1 from last year, much in line with what analysts were estimating
The rally in Info Edge shares comes at a time when the markets have corrected by nearly 10% in the past year
In the past year, shares of Info Edge (India) Ltd, which runs internet portals Naukri.com and 99acres.com among others, have been on a tear, zooming 47%, thanks largely to the increase in valuations of its investments in Zomato.com and Policybazaar.com. The food delivery business has been successful in raising funds from marquee investors at higher valuations. Its insurance arm, has been fairly successful in this regard as well.
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