Info Edge

Info Edge 

CLSA on Info Edge - 17.08.2021

CLSA on Info Edge Downgrade to U-P, TP Rs 5500
While its organic biz outlook is steady,
listing of Zomato (& in process Policybazaar) now give investors a direct play 

Believe this dilutes Co’s longheld position as sole scale play on India’s internet opportunity 

Bernstein on Info Edge O-P, TP Raised to Rs 5460 - 17.08.2021

Q1FY22: Revenue and margin beat, Billings recovering 
Co has INR35.6 Bn cash balance at end of Q1FY22 

Management expects cash to be used for investments in business segments & to fund acquisitions