Espresso shot of the day – Info Edge (India) Ltd up by 8.72 percent

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Espresso shot of the day – Info Edge (India) Ltd up by 8.72 percent

September 08, 2021
Espresso shot of the day – Info Edge (India) Ltd up by 8.72 percent

INFO EDGE (INDIA) LTD 6720.45 (+8.72%) BSE – INE663F01024 | 8TH SEPTEMBER 2021


Info Edge has an in-depth understanding of the Indian consumer Internet domain. With years of experience in the domain, strong cash flow generation and a diversified business portfolio, it is one of the very few profitable pure play Internet companies in the country. The company was incorporated on May 1, 1995, under the Companies Act, 1956, as Info Edge (India) Private Limited and became a public limited company on April 27, 2006. Starting with a classified recruitment online business, naukri.com, Info Edge has grown and diversified rapidly, setting benchmarks as a pioneer for others to follow. Driven by innovation, creativity, an experienced and talented leadership team and a strong culture of entrepreneurship, today it is India’s premier online classifieds company in Recruitment, Matrimony, Real Estate, Education and related services. Its business portfolio comprises:

  • Recruitment: Online recruitment classifieds, www.naukri.com, a clear market leader in the Indian e-recruitment space; www.naukrigulf.com, a job site focused at the Middle East market; offline executive search (www.quadranglesearch.com) and a fresher hiring site (www.firstnaukri.com). Additionally, Info Edge provides jobseekers value added services (Naukri Fast Forward) such as resume writing.
  • Matrimony: Online matrimony classifieds, www.jeevansathi.com, is among the top three in India’s online matrimonial space, and has offline Jeevansathi Match Points and franchisees.
  • Real Estate: Online Real Estate classifieds, www.99acres.com, is India’s largest property marketplace, covering almost all the major cities and a large number of agents and developers.
  • Education: Online education classifieds, www.shiksha.com, is the smartest gateway for students to achieve their goals.

Recent Drivers

  • On Sept 8, 2021, PB Fintech has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India. The company offers a consumer-centric platform by partnering with financial services companies, such as insurance companies, to help customers select products and schemes that best suit their requirements. Info Edge has invested Rs 576 crores in PolicyBazaar in aggregate and as of Mar 31, 2021, held an economic interest of about 13.98% in PolicyBazaar.
  • On Sept 8, 2021, hiring activity in India has been on an upswing, with August seeing an 89% year-on-year growth. According to Naukri JobSpeak, hiring index was at 2673 last month, surpassing pre-pandemic levels of Aug 2019 by 24%.
  • On Aug 16, 2021, Info Edge (India) reported a 21.3% rise in standalone net profit to Rs 100.96 crored in Q1 FY22 over Q1 FY21.
  • On Aug 16, 2021, Info Edge (India) reported a 14.1% increase in net sales to Rs 319.72 crores in Q1 FY22 over Q1 FY21.
  • On July 31, 2021, Info Edge (India) said that it has invested an amount of about Rs 7 crores in 4B Networks through its wholly-owned subsidiary.
  • On July 5, 2021, the Board of Directors of the company at its meeting approved the acquisition of 100% of the share capital on a fully diluted basis of Axilly Labs Pvt. Ltd. for an aggregate cash consideration of about Rs 21 crores.
  • On June 12, 2021, Info Edge (India) has entered into an agreement to acquire 100% of the share capital of Zwayam Digital Pvt. Ltd.
(Sources: Business Standard, The Economic Times, Livemint)


Technical Force*

  • S&P BSE 100 month till date gain up by 1.45%
  • Traded on new 52 week high value: 6,748.35
  • 3 months avg. volume of NSE: 5,98,960
  • Quantity traded: 81,012 | Deliverable quantity: 10,763 (13.29%)
  • Stock price has jumped more than 105% from one-year-low level: 3,240 (Sept 9, 2020)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 6,748.35 | 52-week-low: 3,240

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

9118.78

6973.67

5870.23

3725.12

2621.68

476.57

-

    -

Fibonacci Pivot

6973.67

5732.72

4966.06

4472.28

3725.12

2977.75

2484.17

1717.51

476.57


Today’s Close

6720.45

SMA

BSE

10 DAY

6174.81

20 DAY

5838.92

50 DAY

5491.11

200 DAY

4914.56


Some Key Ratios (Source: BSE)

Market Cap: 86,548.72 crores

PE: 299.82

OPM%: 43.99

ROE%: 6.32

Promoters holding%: 38.41

Prev. Close: 6181.3

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.