Technical Breakdown vs. 1:5 Stock Split Buzz: Who Wins This Tug-of-War By May 7 Record Date On D-Street?

A significant Indian consumer internet provider, Info Edge (India) Limited is best recognized for its top online classified platforms in the fields of education, real estate, marriage, and recruiting. Info Edge leads the online recruiting industry with Naukri.com, their real estate platform 99acres.com, their online matrimony platform Jeevansathi.com, and their student information and resources website Shiksha.com. Following the Board's announcement of the record date for the 1:5 stock split, Info Edge (India)'s shares finished Tuesday 2.85% higher on the NSE at Rs 6,732 per share, with a market capitalization of Rs 87.14KCr.

Info Edge Stock Split

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that following the approval granted by the Members through Postal Ballot on Friday, April 11, 2025, as already intimated to the Stock Exchanges vide our letter dated April 11, 2025, the Board of Directors of the Company at their meeting held today i.e. on Monday, April 14, 2025, has fixed the "Record Date" as specified below, for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of ₹ 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 5 (five) equity shares having face value of ₹ 2/- (Rupees two only) each, fully paid-up, ranking pari-passu in all respects," said Info Edge in a stock exchange filing.
Wednesday, May 7, 2025 has been fixed as the record date for the purpose of sub-division / split of equity shares of the company, such that 1 equity share having face value of Rs 10 each, fully paid-up, be subdivided / split into 5 equity shares having face value of Rs 2 each.

Info Edge News

Leading online advertising firm Info Edge (India) Limited (NSE: NAUKRI, BSE: 532777) has released its performance report for the quarter and fiscal year that ended on March 31, 2025. While FY25 full-year billings went up from Rs 2495.9 crore in FY24 to Rs 2881.7 crore in FY25, the company's Q4 FY25 billings were Rs 983.8 crore, a notable increase from Rs 826.9 crore in Q4 FY24. The recruiting category continues to be the major driver, providing approximately 74% of yearly billings. In the meantime, 99acres, a real estate platform, has experienced robust double-digit growth.

Info Edge Share Price Target

"On the daily chart, the stock is trading within a Downward Falling Channel pattern, with the upper band acting as a strong resistance level. Additionally, the stock is facing resistance at its 20-day Moving Average, further confirming the ongoing downtrend. Adding to the weakness, the stock has already broken below the neckline of a Head & Shoulders formation, signaling a potential continuation of the bearish momentum," said KKunal V Parar VP of Technical Research and Algo at Choice Broking.

"The RSI (Relative Strength Index) is also trending below the 50 mark, indicating persistent negative momentum in the counter. Based on the current technical setup, we expect a further downside towards the 6300-6000 range, with a strict resistance placed at 7050," the analyst further recommended.

Disclaimer

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