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Info Edge Q3 earnings: ICICI Direct feels the stock is a quasi play on Indian startups like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services and real estate market
Shares of Info Edge India, one of the leading internet firms in the country, declined 4.4 per cent in Wednesday's intra-day session to hit a low of Rs 4,865 per share. With today's slide, the share price has tumbled 12 per cent in two days. At 12:10 PM, the stock was trading 4 per cent down at Rs 4,865 on the BSE, compared with a 0.25 per cent decline in the S&P BSE Sensex. The stock is now down 17 per cent from its 52-week high level of Rs 5,876 apiece, touched on January 6, 2021. On February 12, the company had reported a 22.7 per cent on year decline in standalone net profit at Rs 69.87...