Info Edge: Investors advised to await clarity on business recovery

Firm hurt by rising unemployment and lack of demand for real estate

The new normal such as work-from-home, online delivery, in the Covid-19 era is providing good traction for technology-driven businesses, and should bode well for firms like Info Edge — an online classifieds company that owns major portals like naukri.com, 99acres, and jeevansathi.

Consequently, the Street, too, has been bullish on the firm. Its stock, which had almost halved in a month from 52-week high of Rs 3,125 in February, has rebounded 75 per cent from its 52-week low seen in March to Rs 2,759 currently. These gains are more than twice the 33 per cent rise in the BSE Sensex during