NAUKRI

NAUKRI(Info Edge (India) Limited)

02.01.2023 - Macquarie on Naukri Maintain Underperform CMP 3712 Target 3000
18.11.2022 - CLSA on NAUKRI  Maintain Underperform CMP 2906.85 Target 4100
15.11.2022 - Nomura on NAUKRI  Maintain Buy CMP 4156.4 Target 5020
16.08.2022 - JpMorgan on NAUKRI  Maintain Overweight CMP 4424 Target 5600
30.05.2022 - CLSA on NAUKRI Maintain Sell CMP 3800 Target 4040

CLSA on Info Edge - 17.08.2021

CLSA on Info Edge Downgrade to U-P, TP Rs 5500
While its organic biz outlook is steady,
listing of Zomato (& in process Policybazaar) now give investors a direct play 

Believe this dilutes Co’s longheld position as sole scale play on India’s internet opportunity 

Bernstein on Info Edge O-P, TP Raised to Rs 5460 - 17.08.2021

Q1FY22: Revenue and margin beat, Billings recovering 
Co has INR35.6 Bn cash balance at end of Q1FY22 

Management expects cash to be used for investments in business segments & to fund acquisitions

MACQUARIE ON INFO EDGE : 22.06.2021

* MAINTAIN UNDERPERFORM TARGET: 4,220
* Macquarie maintains UNDERPERFORM call on Info Edge, target at Rs 4,220/sh
* Sequential Improvement In Core Business Continued
* Cash Balances Piles Up With Co Evaluating Investment Opportunities
* FY22-23 EPS Estimates See A revision of Less Than 1%

GS ON INFO EDGE : 22.06.2021

* MAINTAIN SELL TARGET: 2,760
* Goldman Sachs maintains SELL call on Info Edge, target at Rs 2,760/sh
* Raise FY22-24 Revenue Estimates By Up To 4%
* Have A Strong Outlook For Recruitment Biz
* Well Placed To Capture Upside From B2B Spends In India Moving To Digital
* See A Mismatch Between Growth Outlook & Valuations
* Co Trades At 88x 12m-fwd EV/EBITDA Vs Global Classifieds Median Of 24x

CLSA ON INFOEDGE : 22.06.2021

• Maintain Outperform, Target at Rs 5,740/share
* Stronger-than-expected billings indicate demand recovery is on track
• Info Edge reported headline financials below estimates in Q4'21
* Management indicating a limited impact of Wave-2 in Q1'22
* Expect revenue growth to bounce back sharply by Q2'22
* Operating leverage in the business model should ensure its flow-through into margins
* 2 larger investee companies - Zomato and Policybazaar

CLSA ON INFO EDGE : 22.06.2021

* MAINTAIN OUTPERFORM TARGET: 5,470
* CLSA maintains OUTPERFORM call on Info Edge, expects co's revenue growth to bounce back sharply by Q2
* Expect Revenue Growth To Bounce Back Sharply By Q2
* Operating Leverage In Biz Model Should Ensure Its Flow-through Into Margin
* Zomato & Policybazaar Are Actively Working On Public Listing
* Management Remains On Lookout For Consolidation Or Expansion