|Stock Name : Info Edge (India) Limited/Tips Open||Buy : 4,880||Posted Date : Jan 18, 2021|
|Stopless/Horizon : 4636||Target : 5612|
Overview: Info Edge (India) Limited is a Large Cap company with a market capitalization of Rs 69592.30 Crore operating in the Services sector.Info Edgeowns one of India’s eminent online job portals Naukri.com, a matrimony website Jeevansathi.com, a real estate classifieds platform 99Acres.com and an educational website Shiksha.com.
About the company: Info Edge was initially established as Info Edge (India) Private Limited on May 1, 1995, and became a public limited company on April 27, 2006.
Started with a classified recruitment online business, naukri.com, today Info Edge is India’s premier online classifieds company in recruitment, matrimony, real estate, education, and related services.
Info Edge has 62 offices located in 43 cities throughout India, the company has 4,049 employees engaged in innovation, product development, integration with mobile and social media, technology and technology, research and development, quality assurance, sales, marketing, and payment collection.
As of 2020, Info Edge holds stakes in 23 online companies including two well-known companiesZomato (22.7% stake, as of September 2020) and the PolicyBazaar (15.1% stake, as of August 2020).
Management: Sanjeev Bikhchandani is the Founder, Mr. Kapil Kapoor is the Chairman and Mr. Hitesh Oberoi is the Managing Director & CEO.
Shareholding Pattern (2020):
• Promoter: 38.5%
• MF: 11.7%
• FII: 39.2%
• Other Institutions: 1.1%
• Public: 9.4%
• Others: 0.2%
Dividend: Info Edge India has declared an equity dividend of 60.00% amounting to Rs 6 per share for the year ending March 2020.
Sales Report: For the latest quarter with ended on 30th September 2020, Info Edge reported a consolidated sale of Rs 260.91 Crore, which is down -8.47 % from last quarter sales of Rs 285.05 Crore and down -20.83 % compared to previous year’s corresponding quarter sales of Rs 329.54 Crore. The company’s net profit after tax was Rs 424.62 Crore in this latest quarter.
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