Info Edge shares rally 19% in 2 days after Q1 update. Here’s what Nomura, Goldman Sachs, other brokerages say

Info Edge (NAUKRI) shares rallied 19% in two sessions to Rs 1,217.80 on the NSE, adding over Rs 12,456 crore to its market cap which now stands near Rs 78,740 crore. The stock surged after the company reported Q1FY27 standalone billings of Rs 737 crore, up 14% year-on-year, with recruitment solutions (Naukri) growing about 18% year-on-year to Rs 553 crore and 99acres up 17% to Rs 110 crore, both beating Nomura's estimates of 10% and 14% growth respectively. Nomura and Goldman Sachs maintained Buy ratings with targets of Rs 1,320 and Rs 1,400, while Citi upgraded from Sell to Buy with a Rs 1,400 target.