India, April 9 -- A day after Sanjeev Bikhchandani-led Info Edge shared a robust uptick across its business verticals in Q4 FY25, brokerage firm JM Financial slashed the Naukri.com's parent company's price target (PT) to INR 7,800 from INR 8,750 earlier.

However, the brokerage reiterated its 'Buy' rating. The new PT represents a near 17% upside compared to the company's close of INR 6,639.65 on the BSE yesterday.

JM Financial sees Info Edge's shares move in a range of INR 5,250 to INR 9,195 in the next 52 weeks. This is pretty much in line with Info Edge's current 52-week high and low of INR 9,194.95 and INR 5,260, respectively.

Explaining its rationale for the revision in PT, JM Financial highlighted the recent correction in the stock...