The global investment bank believes that the current valuations are at 7.2x FY24E P/B, 46.4x P/E. The valuations do not fully price in headwinds such as pressure on new business, said the note.
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