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Info Edge - The Grand Job-Wedding-Housewarming Party Is Here: ICICI Securities

Info Edge - The Grand Job-Wedding-Housewarming Party Is Here: ICICI Securities

<div class="paragraphs"><p>Employees work in an office area&nbsp; in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg).</p></div>
Employees work in an office area  in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg).

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.

ICICI Securities Report

Job, wedding and own house are the three (stereo) typical and interconnected life goals in the Indian sociocultural construct.

Besides the parental influence, this trinity now seems to have another common driving force – liquidity!

As we anticipated in mid-June 2021, hiring across sectors has witnessed a robust pickup.

Net employees' provident fund additions in June-21 were ~85% higher than the pre-Covid-19 run-rate.

‘Rethinking of work’ by employees is driving massive supply-demand mismatch across industries further boosting the need for ‘search’ platforms like Info Edge India Ltd.'s Naukri.Com.

We also expect a sharp pent-up increase in Info Edge's Jeevansathi’s paid listings as wedding restrictions ease and most of the ~17 million deferred weddings come into planning pipeline.

Click on the attachment to read the full report:

ICICI Securities Info Edge Company Update.pdf

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