The curious case of a meteoric rise in Info Edge share valuations2 min read . Updated: 06 Jan 2021, 09:38 PM IST
The way Info Edge valuations are soaring, it looks like investors are betting on a DoorDash type mega listing premium for Zomato
Shares of Info Edge (India) Ltd have risen about 11% so far in 2021, taking its rise compared to the lows of March to more than 200%. The meteoric rise in the stock price has left many analysts struggling to justify valuations. Info Edge shares are now 55% higher than the average target price of 16 analysts, based on Bloomberg data.
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