UBS expects Info Edge to decline despite making investors richer in 1 year
Mon, Jul 8, 2024 3:35 PM

UBS expects Info Edge to decline despite making investors richer in 1 year

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Info Edge shares were in focus on July 8. The company, said its standalone billings for the April to June 2024 quarter rose 10.8% higher yoy to ₹579.4 crore, which is still lower than Bloomberg’s estimates of ₹623 cr. Despite the growth, global brokerage firm UBS has a neutral call on the Info Edge stock with a target price of ₹6,055, implying a potential downside of nearly 11%.

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