The Info Edge stocks like recruitment, real estate, education, and food delivery which has always appealed to investors, has also fallen prey to COVID-19 and the resultant lockdown.
Firms across sectors have slashed salaries, which spells trouble for the realty sector. Naukri.com (jobs portal) and 99acres (property portal) together account for 58 percent of Info Edge’s valuations.
Whether the 25 percent correction in the Info Edge stock — since its 52-week high in February — be construed as a buying opportunity, or whether the 7.6 percent market-beating gains over the past month be interpreted as fundamentals being intact are questions investors are facing and analysts are divided.
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