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Sterlite Technologies exhibited a strong breakout on the daily chart, accompanied by a significant surge in trading volumes.

Hot Stocks | Here is why you should buy Info Edge, Sterlite Technologies, HFCL for short term

Geojit is bullish on Info Edge (India) has recommended buy rating on the stock with a target price of Rs 4896 in its research report dated August 24, 2023.

Buy Info Edge (India); target of Rs 4896: Geojit

Motilal Oswal recommended Neutral rating on Info Edge with a target price of Rs 4200 in its research report dated August 12, 2023.

Neutral Info Edge; target of Rs 4200: Motilal Oswal

Info Edge (India) has approved investment of Rs 10 crore in Zwayam Digital, wholly owned subsidiary of the Company. This investment is being done to meet working capital requirement of ZwayamZwayam is engaged in the business of providing SaaS based sourcing and screening recruitment solutions and providing end-to-end recruitment solutions with configurable plug and play modules.

Info Edge (India) to further invest Rs 10 cr in subsidiary - Zwayam 

HDFC Securities is bullish on Infoedge has recommended buy rating on the stock with a target price of Rs 5275 in its research report dated August 11, 2023.

Buy Infoedge; target of Rs 5275: HDFC Securities

The confidence reflects the surge in stock prices of new age tech stocks in the last few weeks. This has also led to funds invested in them delivering big returns.

New age tech firms to deliver sustainable growth, ramp up profitability: JM Financial

 Info Edge (India) announced that its wholly owned subsidiary,  Info Edge (India) has agreed to invest Rs 98.94 lakh in Brainsight Technology. Brainsight is an existing investee company wherein  Redstart holds 4% on a fully converted & diluted basis. Brainsight is engaged in the business of healthcare technology, where it uses AI enabled application to provide evidence-based treatment hooks for neurosurgeons, psychiatrists and neurologists; and a private and empathetic digital aid for patients, and related business activities. 

Info Edge arm to invest further Rs 98.94 lakh in healthcare tech firm - Brainsight 

Brainsight is engaged in the business of healthcare technology, where it uses AI enabled application to provide evidence-based treatment hooks for neurosurgeons, psychiatrists and neurologists; and a private and empathetic digital aid for patients, and related business activities. Its turnover for financial year 2022-2023 was Rs 27,59,016.20. Redstart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes. This said investment by the company through Redstart is in furtherance of companys investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term.Brainsight is an existing investee company wherein Redstart holds 4% on a fully converted & diluted basis hence the transaction is done at Arms Length basis.Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc.The company reported consolidated net loss of Rs 272.83 crore in Q4 FY23 as compared with net profit of Rs 628.89 crore in Q4 FY22. Revenue from operations jumped 27.9% year on year to Rs 604.78crore in Q4 FY23.Shares of Info Edge (India) declined 1.24% to Rs 4,348.50 on the BSE.

Info Edge arm to invest in Brainsight Technology

In recent trading sessions, there have been attempts to break out above the upper threshold of the consolidation range

After 1 year, the momentum in this Nifty index is finally turning bullish!

The company said its subsidiary Allcheckdeals India Private Ltd's (AIPL) loan of Rs 280 crore to 4B Networks is fully impaired,  indicating that the chances of recovering the loan amount are unlikely.

Info Edge recover losses from morning's trade; up nearly 0.5%

Info Edge India Ltd. engages in the provision of Internet based services through its web portals and mobile applications. It operates through the following segments: Recruitment Solutions, Real State- 99acres, and Others. The Recruitment Solutions segment consists of Naukri and all other allied business which together provides complete hiring solutions. The Real State- 99acres segment includes property listings, builders and brokers branding and visibility through micro-sites, home page links and banners servicing real estate developers, builders and brokers. The Others segment comprises primarily Jeevansathi and Shiksha service verticals. The company was founded by Sanjeev Bikhchandani on May 1, 1995 and is headquartered in Noida, India.

Watchers	2,246
52-Wk Low	3,308.20
52-Wk High	4,984.50

Market Cap	539.6B
Volume (M)	449,502.00
52-Wk High	4,984.50
52-Wk Low	3,308.20

NAUKRI.NSE Info Edge (India) Ltd.

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