Info Edge zooms 10% post Q4 biz update; will March qtr nos support rally?

Shares of Info Edge soared 9.8 per cent to Rs 6,234.95, also its fresh 52-week high, on the BSE in Monday’s intraday trade after the tech-firm posted robust business growth in the March quarter.

At 10:42 AM, shares of the company were up 8.3 per cent at Rs 6,149 per share as against 0.52 per cent rise in the benchmark S&P BSE Sensex. The stock surpassed its previous 52-week high of

For the quarter ended March 2024, Info Edge reported standalone billings of Rs 826.9 crore, up 10.45 per cent year-on-year (Y-o-Y) from Rs 748.6 crore earnings during Q4FY23. For the whole FY24, billings rose 5 per cent to Rs 2,495.9 crore.