Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 60476.33 Crore) operating in Services sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 260.91 Crore, down 8.47 % from last quarter Sales of Rs 285.05 Crore and down 20.83 % from last year same quarter Sales of Rs 329.54 Crore. Company reported net profit after tax of Rs 424.62 Crore in latest quarter.
Investment Rationale
Naukri has been a consistent outperformer in the IT Space. After posting a decent run up from levels of Rs 4,500, the stock has given a breakout after giving a minor correction.
Promoter/FII Holdings
Promoters held 38.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 39.3 per cent, DIIs 12.8 per cent and public and others 9.4 per cent.
