Brokerage firm JM Financial has reduced the price target of Info Edge, parent company of Naukri.com and Zomato, to INR 7,800 from INR 8,750.
JM Financial maintains a 'Buy' rating for Info Edge, with a near 17% upside potential.
The revision in price target is due to the recent correction in the stock prices of Zomato and PB Fintech, in which Info Edge has investments.
Info Edge reported a 19% YoY increase in standalone billings in Q4 FY25, with positive billing trends across recruitment, real estate, and matrimonial segments.