Info Edge India has been a concept stock and this is one of the compounders. This month, January 2021, it’s up 10 percent.
In last one year, it’s up 105 percent and on 52 week low it’s up 230 percent. The reason for it being a compounder is in the last 20 years the stock has gone up 25 times.
The big reason for the rally has been the Zomato push because it has been the biggest driver of late, the orders have reached record level.
When Info Edge bought 22 percent stake in Zomato, probably no one thought that Zomato would turn out to be a big driver for the company.
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(Edited by : Bivekananda Biswas)