Info Edge(Naukri.com) on the verge of breakout from falling Wedge pattern.
Buy only above 3777
Potential upside: 28%
Stop Loss: 3555
Fundamentals:
Buy only above 3777
Potential upside: 28%
Stop Loss: 3555
Fundamentals:
- Engaged in operating multiple Internet-based services through its various Web portals and mobile applications.
The Company's segments include Recruitment Solutions and Real Estate- 99acres.
Naukri.com provides hiring solutions for both business-to-business (B2B), as well as business-to-customers (B2C).
99acres segment is focused on property listings, builders and brokers branding and visibility through micro-sites, home page links, and banners servicing real estate developers, builders and brokers.
Revenue grew 81% YoY but company faced loss for first time after 10 qtrs of consecutive profits.
Comment:
Target 1 achieved on 2nd June 2023!!!
Comment:
All targets achieved as on 4th Aug'23
Comment:
The above call was a short-term bet. You are advised to square off positions if any. The company has weak financials.