Info Edge’s stock surged over 4% as its artificial intelligence investments more than doubled in value, reaching Rs 1,268 crore. The company’s AI startup portfolio has yielded a 2.1x multiple and a 31% internal rate of return. Overall, Info Edge’s startup investments are now valued at Rs 41,300 crore, reflecting strong growth across its technology ventures.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings