Info Edge share price: Buy Info Edge (India), target price Rs 5130: ICICI Securities

has buy call on (India) with a target price of Rs 5130. The current market price of Info Edge (India) Ltd. is Rs 4712.

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 61091.60 Crore) operating in Services sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 311.42 Crore, up 7.43 % from last quarter Total Income of Rs 289.88 Crore and down -13.43 % from last year same quarter Total Income of Rs 359.74 Crore. Company reported net profit after tax of Rs 773.06 Crore in latest quarter.

Investment Rationale
A breakout above the falling channel containing last two months decline and weekly stochastic in buy mode


Promoter/FII Holdings
Promoters held 38.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 40.7 per cent, DIIs 11.4 per cent and public and others 9.5 per cent.

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