Buy Info Edge (India), target Rs 1025: UBS

UBS has a buy call on Info Edge (India) Ltd. with a target price of Rs 1025. The current market price of Info Edge (India) Ltd. is Rs 849.6. Time period given by analyst is year, when Info Edge (India) Ltd. price can reach defined target. Market concern about Info Edge's job portal growth sustainability is now providing a good buying opportunity for investors. UBS analysis suggests a limited downside to Info Edge's growth from the IT sector slowdown, as more than 65 per cent of hiring is for attrition and thus not at risk from slowing growth and falling employee intensity. Multiple new initiatives by management to improve market share and user experience is positive for the stock. Improved web/mobile traffic, declining cash burn rate and better visibility of break-even for key segments such as Zomato, Jeevansaathi and Shiksha is incrementally positive.