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Info Edge fails to impress; brokerages keep neutral & sell views

Edelweiss has maintained a ‘hold’ rating with a target of Rs 5,460, saying current valuations already factor in a re-rating. Nomura has maintained a neutral stance and revised the target to Rs 4,550 from Rs 3,040 on rolling forward valuations. Motilal Oswal stayed neutral with a target of Rs 4,590. Maintaining ‘sell’ rating, Kotak Institutional Equities said optimism on long-term growth is more than priced in.

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