BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Info Edge India Ltd. has seen a surge in traffic after the trough witnessed in April-May 2020 for three of its four operating entities.
While traffic for Naukri plunged approximately 50% in April 2020, it has now risen by 35%. Similarly, traffic for 99acres plummeted by 60% in April 2020, but thereafter increased by 90%.
Further, billings for the two entities too are showing similar trends for Naukri/99acres, billings declined 54%/85% in April 2020.
However, overall decline in billings has been curtailed to approximately 44%/70% in Q1 FY21, which suggests early signs of recovery.
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