Independent market expert Sandip Sabharwal said the policy is more to do with public infrastructure, how the speed of movement improves and how the bureaucracy is reduced. “It will take a long time. So, I think it is more of a directional thing. It takes a 5 to 10-year kind of view and to that extent, short-term moves (in the stocks) might not sustain beyond a few days,” he said.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent