Shares of Info Edge India, the parent company of Naukri.com, dropped more than 5% in early trading on Monday, reaching a new 52-week low. The stock on the BSE 100 index hit a low of Rs 909.20, down 5.4% from the previous close. Analysts are cautious about the company’s short-term growth prospects.
The BSE reported that the stock traded at a new 52-week low of Rs 909.20. JM Financial, a domestic brokerage firm, has maintained a ‘reduce’ rating on the stock and revised the target price to Rs 1,000. Despite strong margins in businesses like Naukri and 99acres, the overall hiring environment is subdued due to increased use of artificial intelligence in tech jobs and ongoing macroeconomic uncertainties.
The brokerage firm highlighted that achieving significant growth in billings might be challenging in the near future, despite improvements in AI-driven services and a stronger presence in the real estate platform sector. It also warned that the stock may not see a substantial revaluation without consistent revenue growth in key business segments.
In the fourth quarter of FY26, Info Edge India reported a consolidated net profit of Rs 756 crore, up from Rs 678 crore in the same quarter last year. The company’s revenue from operations for the quarter was Rs 869 crore. Over the past year, the company’s stock has faced continuous selling pressure, dropping over 35% in the last 12 months, around 30% year-to-date, and nearly 7% in the past month.
