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Info Edge (India) reported a year-over-year increase in standalone billings of 15.8%, reaching Rs 668.3 crore for the third quarter, compared to Rs 576.9 crore in the previous year. The recruitment solutions segment grew by 15.2% to Rs 494 crore, up from Rs 428.9 crore, while the real estate business, 99acres, saw a 16.06% increase to Rs 102.6 crore, compared to Rs 88.4 crore. Despite these positive figures, Info Edge shares fell by 3.8% on the Bombay Stock Exchange, hitting an intraday low of Rs 8,486.85. Analysts have noted that while the billings data appears strong, the overall market reaction has been muted, with some suggesting that core growth may return in the future.
#MarketbuzzPodcast: #GiftNifty indicated a mute opening for Indian market Stocks including #TCS, #TataMotors, #ManappuramFinance and #Lupin will be in focus 📈📉 @kanishka9996 Tune in to the podcast for more cues 👇 https://t.co/PAbtiOdjLf
Editor's Take | "This quarter may be muted, but a turnaround could be on the horizon." What's next for the market over the next few quarters? Tune in for @nikunjdalmia's insights! 📉📈 #StockMarket #EarningsWithETNOW https://t.co/f0FmoJEZz0
Editor's Take | "TCS numbers won’t indicate how the IT sector will move ahead... not going to be a swing moment!" @nikunjdalmia decodes what to expect from @TCS #Q3 earnings today. #Q3WithETNOW #EarningsWithETNOW https://t.co/EUFkbedDj7