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The public tech firm InfoEdge said that through the acquisition the company is looking to strengthen its offering in matchmaking sgement with apps like Aisle and Jeevansathi.
A survey in April found that although the search for a life partner has moved online with ease, virtual weddings havent met the same fate.
Info Edge (India) reported 22.7% decline in standalone net profit to Rs 69.87 crore on 15% fall in net sales to Rs 272.30 crore in Q3 FY21 over Q3 FY20. Billing in the third quarter was at Rs 297 crore, down by 1% as compared to the corresponding quarter in FY 2019- 20. The deferred sales revenue (amount collected in advance) as at 31 December 2020 was Rs 393.5 crore, down by 13.9% over the quarter ended 31 December 2019. Operating EBITDA declined by 35.6% to Rs 68.2 crore in Q3 December 2020 from Rs 105.9 crore in Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 87.45 crore, down b...
Info Edge (India) fell 1.96% to Rs 5392.75 as the counter witnessed some bit of profit taking after a recent steep surge. The stock gained 15.72% in two sessions to end at Rs 5,500.80 yesterday, from its recent closing of Rs 4,753.70 recorded on 1 January 2021. In the past six months, the scrip has zoomed 93.57% while the benchmark Sensex has added 32.70% during the same period. On the technical front, the stock's RSI (relative strength index) stood at 77.591. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. The...