The shares of Naukri and 99acres-parent Info Edge jumped more than 4% on Tuesday after the company released its results for the April-June quarter of FY27, with international brokerages reiterating their ‘Buy’ calls for the stock and some raising their target prices.
Info Edge shares gained over 4% to trade at Rs 1,337 apiece on the NSE on Tuesday morning after the release of the Q1 earnings. The company reported a 43% year-on-year rise in consolidated net profit to Rs 490 crore in the June quarter, aided by an exceptional gain from transferring Info Edge's holding in Shopkirana to Udaan parent Trustroot, partly offset by an impairment charge.
