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HomeSTOCKSTime To Adjust Your Portfolio; Top Expert Has Chosen This Stock For...

Time To Adjust Your Portfolio; Top Expert Has Chosen This Stock For Buying

Companies listed in the domestic stock markets are releasing their results for the first quarter, this is the time to adjust their portfolio. 

Banks have released their updates, which have been a bit disappointing. Expert has advised selling in IndusInd Bank Ltd today, along with this he has also selected a stock for buying.

Sell IndusInd Bank Ltd Futures

IndusInd Bank Ltd futures have a sell recommendation. Stoploss is to be kept at 1455 and target price is to be kept at 1410, 1395, 1385. 

The company has given weak quarterly updates, after which it is being advised to sell. Loan growth has been very disappointing. 

In the banking sector, quarterly updates of many banks including Bank of Baroda, and AU Small Finance Bank have been very weak. This indicates that growth is slowing down.

IndusInd Bank Ltd~Q1 Update

Net Advances increased from `3.01 Lk Cr to `3.48 Lk Cr, +16% (YoY)

Deposits increased from `3.47 Lk Cr to `3.99 Lk Cr, +15% (YoY)

CASA Ratio decreased from 39.9% to 36.7% (YoY)

CASA Ratio decreased from 37.9% to 36.7% (QoQ)

Buy Info Edge (India) Ltd Futures

Stoploss is to be kept at 6800 and target price is to be kept at 6950, 7020, 7050. The company has posted strong quarterly results.

This company is owned by Sanjeev Bikhchandani, its subsidiary companies are – Naukri.com, Shiksha.com, Jeevansathi.com, 99acres.com, etc.

Info Edge (India) Ltd~Q1 Update

Standalone billings Up 10.8% to Rs 579.4 cr v/s Rs 523 cr

Segments

Recruitment Solutions Up 8.5% to Rs 431.4 cr v/s Rs 397.5 cr

99acres for Real estate Up 10.4% to Rs 81 cr v/s Rs 73.4 cr

Info Edge (India) Ltd Stock Performance

Current Price₹ 6,857
52-wk High₹ 7,000
52-wk Low₹ 3,972
5 Days Return1.81%
1 Month Return10.33%

Key Fundamentals Parameters

Market Cap₹ 88,734 Cr.
Stock P/E137
Book Value₹ 2,339
Dividend0.32 %
ROCE4.36 %
ROE2.96 %
Face Value₹ 10.0
P/B Value2.93
OPM27.5 %
EPS₹ 44.5
Debt₹ 246 Cr.
Debt to Equity0.01

Info Edge (India) Ltd Shareholding Pattern

Promoters Holding
Mar 202338.05%
June 202338.05%
Sept 202337.97%
Dec 202337.90%
Mar 202437.88%
FII Holding
Mar 202331.41%
Jun 202331.54%
Sep 202331.21%
Dec 202330.47%
Mar 202430.91%
DII Holding
Mar 202317.36%
Jun 202317.82%
Sep 202318.24%
Dec 202319.46%
Mar 202419.40%
Hot Stocks Alert Join
Govt. Holding
Mar 20230.37%
Jun 20230.37%
Sep 20230.51%
Dec 20230.58%
Mar 20240.66%
Public Holding12.69%
Mar 202312.66%
Jun 202312.09%
Sep 202311.98%
Dec 202311.38%
Mar 202410.95%
Others
Mar 20230.13%
Jun 20230.13%
Sep 20230.08%
Dec 20230.21%
Mar 20240.20%

Info Edge (India) Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 1,312 Cr
2021₹ 1,128 Cr
2022₹ 1,589 Cr
2023₹ 2,346 Cr
2024₹ 2,536 Cr

Last 5 Years’ Net Profit:

2020₹ -246 Cr
2021₹ 1,418 Cr
2022₹ 12,882 Cr
2023₹ -70 Cr
2024₹ 595 Cr

Conclusion

This article provides a detail guide about Info Edge (India) Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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