Profit

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NSE
1519.00
Change Change %
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Updated:25 Sep, 2018, 15:44 PM IST

BSE
1523.80
Change Change %
4.50 0.30%

Updated:25 Sep, 2018, 15:49 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
05-09-2016 Buy 830.00 1050.00
N/A
Target Hit Long (1Y)
05-09-2017

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.

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