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Info Edge shares fall 4% from day's high after Q4 update; Street divided on outlookInfo Edge said that geopolitical tensions directly impacted its Naukri Gulf business and also had a spillover effect on the India recruitment segment.By Meghna Sen  April 9, 2026, 10:08:10 AM IST (Updated)2 Min ReadShares of Info Edge (India) Ltd. opened as much as 3% lower on Thursday, April 9, after the company reported its fourth quarter business update. However, the stock erased its early gains and are now trading 4% lower.

On a standalone basis, billings rose 7.45% year-on-year to ₹1,057 crore from ₹983 crore. The recruitment business, led by Naukri, grew 9.5% to ₹810.7 crore from ₹740.3 crore.

The real estate segment, 99acres, saw a modest rise of 1.9% to ₹162.8 crore, while the matrimony platform Jeevansathi reported a strong 21% increase to ₹38.6 crore.

In contrast, the education segment Shiksha declined 12.9% to ₹45.1 crore.

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The company said that geopolitical tensions directly impacted its Naukri Gulf business and also had a spillover effect on the India recruitment segment.

Brokerage firm Nomura has maintained a 'Buy' rating on the stock with a price target of ₹1,500.

It said recruitment billings growth of 9.5% was largely in-line with expectations, although overall billings growth of 7.5% fell short of its estimates of 11%, mainly due to weaker performance in 99acres and other verticals.

HSBC has also maintained a 'Buy' rating with a price target of ₹1,525, stating that recruitment growth remains healthy despite a high base and weakness in the Gulf business.

It added that overall billings were impacted by transitional factors in 99acres, while performance in matrimony and education segments was largely in-line with expectations.

The brokerage also highlighted attractive valuations for the core business.

On the other hand, Citi has a 'Sell' rating on the stock with a price target of ₹1,120.

It expects recruitment revenue growth to pick up with a lag of one to two quarters, supported by billings momentum. However, it has flagged a potential 50 basis points sequential decline in overall EBITDA margins to around 42% in the fourth quarter, even as earnings growth is supported by lower advertising spends.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.First Published: Apr 9, 2026 9:00 AM ISTTagsInfo EdgeInfo Edge Indiashare market today