Info Edge Shares Climb 4% on Strong 13% December Hiring Growth

TECH

Overview

Info Edge (India) Ltd. stock rose nearly 4% on Wednesday, reaching ₹1,388.70 per share. This surge followed the release of the December JobSpeak Index, which reported a significant 13% year-on-year increase in overall hiring. Non-IT sectors, particularly insurance and hospitality, led the growth, making the October-December quarter the strongest of the year.

Info Edge Gains on Hiring Data

Shares of Info Edge (India) Ltd. saw a notable advance of nearly 4% on Wednesday, driven by positive hiring trends reported for December. The company's stock reached an intraday high of ₹1,388.70.

JobSpeak Index Boosts Sentiment

The December JobSpeak Index revealed a robust 13% year-on-year expansion in overall white-collar hiring. This performance capped off the fourth quarter as the strongest period of the year, with a 9% increase attributed to growth in non-information technology sectors.

Sectoral Performance Highlights

The insurance sector recorded substantial gains, with overall hiring jumping 34%, propelled by a remarkable 57% surge in fresher recruitment. Hospitality also showed strong momentum, with a 29% increase in hiring, particularly in major metropolitan areas like Mumbai and Delhi.

Executive Commentary

Pawan Goyal, chief business officer at Naukri, commented on the sustained strength in non-tech sectors, indicating a well-established shift in the hiring market.

Q2 Financial Recap

Earlier, Info Edge reported a 12.1% year-on-year rise in standalone billings for the September quarter (Q2FY26), reaching ₹729 crore. Revenue from operations stood at ₹746 crore for the same period.

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