Info Edge shares jump 19% in two sessions after FY27 Q1 billings rise 14% YoY; brokerages raise targets
AI Market Summary
Info Edge's FY27 Q1 business update showed standalone billings up 14% YoY, with Naukri and 99acres billings rising 18% and 17%, respectively, beating key brokerage expectations. Multiple brokerages maintained or upgraded positive ratings and lifted targets, reinforcing a near-term re-rating narrative after a sharp two-day equity rally. Market impact is largely idiosyncratic and concentrated in the single name rather than cross-asset.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.98%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Info Edge reported standalone billings of Rs 737 crore for FY27 Q1, up 14% year on year and ahead of market expectations. Billings grew 18% YoY at Naukri and 17% YoY at 99acres. Nomura and Goldman Sachs reiterated ‘Buy’ ratings and raised target prices, while Citi upgraded the stock to ‘Buy’ from ‘Sell’. The update helped drive a 19% two-session rally in the stock, adding more than Rs 12,456 crore to market capitalisation.
