Info Edge: Nomura sees 29% upside – Can Naukri growth outweigh AI threat in education segment?
Info Edge, the parent company of job portal Naukri.com and real estate platform 99acres is in the spotlight. The company has posted a stronger-than-expected business update for Q1FY26-27. Nomura has a bullish view on the stock after the Q1 performance.
According to the latest brokerage report by Nomura, the company delivered healthy growth in overall billings, led by its recruitment and real estate businesses. Based on this performance, the brokerage has retained its ‘Buy’ rating on the stock with a target price of Rs 1,320. This indicates an upside potential of around 29% from the current market price.
