Info Edge (India) Limited

“Info Edge owns India's irreplaceable white-collar hiring monopoly, runs it with exceptional capital discipline, and is backed by a founder-led management team with a proven multi-decade track record — but the investment portfolio (Zomato, PB Fintech) inflates both the market cap and apparent cheapness, leaving the core business priced at 22–25x FCF with a realistic 10-year return of 2–3x; the stock deserves a place on every long-term watchlist but not a full position at current prices.”