Info Edge hits record high on healthy outlook & likely Policybazaar IPO

Shares of Info Edge (India) hit a record high of Rs 6,566 as they rallied 6 per cent on the BSE in intra-day trade on Wednesday on a strong growth outlook. The stock surpassed its previous high of Rs 6,299.80 touched on September 2, 2021. The company is primarily engaged in providing online and offline services through its online portal Naukri.com, Jeevansathi.com, 99 acres.com, shiksha.com and offline portal Quadrangle.com.

Furthermore, PB Fintech has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The company offers a consumer-centric platform by partnering with financial services companies such as insurance companies to help customers select products and schemes that best suit their requirements.