GOLDMAN SACHS ON INFO EDGE ; BUY | TP ₹1,430 VS ₹1,410 EARLIER

• Target Upgrade: Goldman Sachs raises target price by 1.42% to ₹1,430 from ₹1,410. • Q2 Performance: EBITDA UP 29% YoY despite challenging recruitment environment. • AI Growth: AI products now contribute a high-single-digit share of recruitment revenue. • Leadership Change: Hitesh Oberoi to step down as MD & CEO in December. • New Leadership: Sanjeev Bikhchandani to take charge following the transition. • Impact: Mixed 🟡

INFO EDGE (I) LTD

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