Info Edge shares surged 24% over three trading sessions, reaching ₹1,217.80 on Wednesday, marking the highest level seen by the stock in around five months. According to The Economic Times, this substantial rally added more than ₹12,456 crore to the company's market capitalisation, pulling it up to nearly ₹78,740 crore. The stock had previously surged 13.31% to ₹1,161.60 during Tuesday's session, with trading volumes reaching 131.39 lakh shares by 14:14 IST on NSE, representing a 6.69-fold spurt over the two-week average daily volume of 19.65 lakh shares. JP Morgan maintained overweight coverage on the stock at a target price of ₹1,350, an upside 16.4% from its last closing price, while Nomura retained 'buy' rating at a target price of ₹1,320, marking an upside of 29% from current market price. The stock was trading above 7 out of 8 key simple moving averages (SMAs), though it continues to trade below its long-term 200-day moving average.
According to the latest provisional business update, Info Edge's Q1 standalone billings grew by 14.41% year-on-year (YoY) to ₹737 crore in the quarter ended June 30, 2026, compared with ₹644.2 crore reported in Q1FY25. As reported by The Economic Times, the strong performance was led by robust growth across key segments. The Recruitment Solutions business witnessed strong 17.5% YoY growth at ₹552.7 crore, up from ₹470.3 crore in the same quarter last year, with Nomura noting this comfortably ahead of their expectation of 10%. The 99acres revenue increased 16.6% to ₹110.1 crore from ₹94.4 crore, surpassing Nomura's expectation of 14% YoY growth. The Jeevansathi segment's revenue grew 16.5% to ₹39.6 crore from ₹34.7 crore in the year-ago period, while the Shiksha division growth dipped 21.4% to ₹34.6 crore from ₹44.8 crore in the previous year. The performance highlights sustained demand across Info Edge's core businesses and improved execution across its digital platforms.
JM Financial has upgraded the stock to 'buy' with a revised target price of ₹1,350, driven by a 5-12% increase in recruitment segment billings estimates for FY27 through 2028-29 (FY29), which raises standalone earnings per share estimates by 7-15%. According to Business Standard, the sharp acceleration in recruitment growth reflects multiple structural growth drivers, with average revenue per user (Arpu) benefiting from pricing actions undertaken alongside the commercial rollout of artificial intelligence (AI)-powered products. Goldman Sachs Research has raised its FY27-FY29 revenue and net profit estimates for Info Edge by 3-4%, expecting revenue to grow 13% and operating profit 30%, and has raised its target price to ₹1,400 from ₹1,330. The brokerage believes the next rerating catalyst for the company could come if it sustains mid-teens billings growth.
Citi highlighted that AI-Rex is now live across more than 4,000 enterprise customers and recruitment firms, with over 10% already converted into paying clients. According to CNBC TV18, the platform has witnessed encouraging early adoption, with a sharp increase in hiring mandates processed between February and June 2026. The brokerage believes AI-Rex can drive sustained monetisation growth even if IT hiring remains subdued. Info Edge announced on Monday, July 6, that the company will enter into a Share Purchase Agreement for acquisition of the balance 45.36% equity stake or 74,741 shares of CodingNinjas at ₹5,340.23 per share, amounting to ₹39.91 crore. Upon completion of the transaction, the company shall hold 100% stake in CodingNinjas, held directly and through Startup Investments (Holding) Limited (''''''''SIHL'''''''') on a fully converted and diluted basis.
Info Edge shares rose as much as 5.03% to ₹1,217.80 on Wednesday, July 8, with the scrip trading 3.14% higher by 9:42 am, while the benchmark Nifty 50 was down 0.79%. According to CNBC TV18, the stock had witnessed its biggest single-day gain and highest trading volumes since January 2021 in the previous session, with a total of 1.67 crore shares changing hands on Tuesday, nearly 10 times the 20-day average volume of 17.1 lakh shares. Of these, 43 lakh shares, or 26% of the total traded quantity, were marked for delivery, higher than the 20-day average of 9 lakh shares. Despite the recent rally, the stock is still trading about 22% below its 52-week high of ₹1,489 and remains down 13% so far in 2026. The strong performance across key segments, particularly the Naukri.com platform contributing ₹552.7 crore and 99acres achieving ₹110.1 crore in billings, demonstrates the company's successful execution of its digital transformation strategy and AI integration initiatives. However, Nomura notes that key risks to the outlook include a slower-than-expected recovery in the recruitment business and weaker performance from the company's listed investments.
