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JM Financial Cuts Info Edge’s Price Target On Zomato, PB Fintech Stock Correction

  • 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.

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