1508.10
-0.55%
ICICI Securities Limited
Naukri, 99acres continue to be major growth drivers The company's recruitment business (Naukri) grew at a healthy 18.7% YoY while slower growth of 14% YoY in billings can be attributed to broad based weakness in non-IT segments (60% of revenue). The billings could be volatile in the near term driven by weakness in core sectors with additional pressure from financial and travel tourism space on account of slowdown. However, hiring in IT sector and 11% YoY growth in unique customers would drive growth in the segment. Hence, we expect this segment to...
Info Edge (India) Ltd. is trading above its 150 day SMA of 1504.5
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