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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Info Edge India
InfoEdge's restaurant discovery platform Zamato crossed a million online orders per month in July. Net contribution margin from each order has increased to Rs 23 in July against Rs 21 in May. We think execution is progressing well at Zomato and expect cash burn rates to remain contained. We are positive on InfoEdge given its leading online properties as tighter funding in the Indian startup space would hamper rivals and help the company consolidate market share.