JM Financial reiterates Buy on Info Edge (India), lowers target price to Rs 7,800

JM Financial maintains a buy call on Info Edge (India), but lowers the target price to Rs 7,800 from Rs 8,750. This revision reflects adjustments in recruitment segment forecasts and market corrections in Zomato and PB Fintech. Despite a slight dip in quarterly consolidated total income, the company reported a strong net profit after tax.