Info Edge (India) Ltd., the parent company behind popular platforms like Naukri.com and 99acres.com, experienced a significant rally, with its shares climbing 19% over two trading sessions. The surge followed the release of the company's business updates for the quarter ended June 2026, which revealed strong performance across several key segments.
On Wednesday, the stock closed at Rs 1218, a 5.02% increase from its previous close of Rs 1159.70. This two-day rally saw the company's market capitalization reach Rs 77,385 crore, with over 44.47 lakh shares changing hands.
Brokerages Upgrade Ratings and Price Targets
Following the positive business updates, leading brokerages revised their outlooks for Info Edge. Global brokerage Nomura maintained a 'buy' call on the stock, raising its price target to Rs 1320. JM Financial upgraded its stance from 'reduce' to 'buy', setting a new price target of Rs 1350.
"Given the significantly better-than-expected recruitment trajectory, we expect margin to also expand meaningfully in the recruitment segment. Accordingly, we upgrade recruitment segment PBT by 7-17% and standalone business earnings by 7-15% over FY27E-29E," stated JM Financial, highlighting the strong prospects for the company's core business.
Robust Q1 Billings Across Key Segments
Info Edge reported a substantial increase in standalone billings for the quarter ended June 30, 2026, which rose 14.44% to Rs 737 crore, up from Rs 644 crore in the same period last year.
- Recruitment Solutions: Billings for the core recruitment business, including Naukri.com, increased to Rs 552.7 crore, compared to Rs 470.3 crore year-on-year.
- Real Estate (99acres): The real estate portal saw billings climb to Rs 110.1 crore, up from Rs 94.4 crore in the June 2025 quarter.
- Matrimonial Services (Jeevansathi): Billings for the matrimonial segment reached Rs 39.6 crore, an increase from Rs 34.7 crore in the prior year.
- Education Services (Shiksha): In contrast, the education business recorded billings of Rs 34.6 crore, a decrease from Rs 44.8 crore in the June 2025 quarter.
Info Edge operates a diverse portfolio of internet-based services, including recruitment solutions (Naukri.com, iimjobs.com), real estate services (99acres.com), matrimonial services (jeevansaathi.com), and education services (shiksha.com). The recent strong performance, particularly in its dominant recruitment classified vertical, has instilled investor confidence and led to the current upward trajectory of Info Edge shares.