Info Edge (INFOE) Share: ICICI Securities ne diya 'BUY' call! Valuation lag raha hai Mast!

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AuthorIshaan Verma|Published at:
Info Edge (INFOE) Share: ICICI Securities ne diya 'BUY' call! Valuation lag raha hai Mast!
Overview

Info Edge (INFOE) ke liye badi khabar! ICICI Securities ne stock ko seedha 'BUY' rating de di hai, aur target price rakha hai ₹1,530. Brokerage ka kehna hai ki stock correction ke baad valuation abhi kafi attractive lag raha hai. Q3 results bhi mazboot aaye hain, recruitment billings **11%** badhi hain aur 99acres ne traffic mein **46%** share pakad liya hai. AI aur global uncertainty ke beech bhi company ka digital portfolio ek zabardast mauka de raha hai.

Valuation Mein Chupi Hai Asli Value?

Yaar, market mein jab thoda bhi negativity aata hai, toh Info Edge jaise companies ki asli value chhip jaati hai. ICICI Securities ne bhi yahi dekha hai. Unka kehna hai ki AI aur global tensions ki wajah se jo stock price gira hai, uske baad ab yeh 18x ke forward EV/EBITDA par trade kar raha hai. Yeh numbers company ke historical average se kaafi kam hain, matlab valuation mein 'deep value' mil rahi hai.

Brokerage Ne Kyun Di 'BUY' Rating?

ICICI Securities ka maan na hai ki current price jo lagbhag ₹1,130 ke aas paas hai, woh company ki asli kimat se kam hai. Unhone Sum-of-the-Parts (SoTP) valuation use karke ₹1,530 ka target set kiya hai. Socho, agar aap abhi khareedte ho toh aapko lagbhag 37% tak ka upside mil sakta hai! Ye upgrade isi liye hai kyunki company ka business strong chal raha hai.

Q3 Results Ne Kiya Impress!

Company ne Q3 FY26 mein bhi apna dum dikhaya hai. Recruitment billings 11% year-on-year badhi hain, especially tech roles aur GCC markets mein achhi demand rahi. Haalanki, 99acres (real estate portal) abhi bhi operating losses mein hai, par uska traffic share 46% ho gaya hai, jo ki ek badi baat hai. Jeevansathi aur Aisle (matchmaking) segments bhi profitability ke kareeb pahunch rahe hain, jahan billings 29% tak badhi hain. Aur haan, company ke paas December 2025 tak ₹4,825 crore cash bhi hai, jo ki ek solid buffer hai.

AI Ka Darr Aur Info Edge Ka Plan?

Log AI ko lekar thoda chintit hain ki kahin yeh recruitment business na affect kare. Education segment mein bhi traffic kam hua hai AI ke karan. Lekin Info Edge bhi peeche nahi hai! Unhone apna khud ka AI solution, Naukri AI REX launch kiya hai, jise 100 se zyada clients mil chuke hain. Isse lagta hai ki company AI ko ek threat nahi, balki ek mauka samajh rahi hai. Core recruitment business mein margins abhi bhi 59% se 62% ke beech healthy hain.

Risk Bhi Hain, Par Mauka Bada Hai

Aisa nahi hai ki sirf achhi baatein hain. Recruitment ke mid-segment mein growth thoda dheema pada hai (7-8% se 4%). 99acres abhi bhi paise bana raha hai, losses mein hai. Education segment mein AI ka impact future mein dikh sakta hai. Lekin, Info Edge ka recruitment business abhi bhi profit ka main source hai aur company ne apna dividend payout ratio bhi badha kar 65% kar diya hai, jo confidence dikhata hai. Analysts ka average target bhi ₹1,505 ke aas paas hai, jo Icici Securities ke target se zyada door nahi.

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