Info Edge - A Solid Business and Cup Pattern

206
Info Edge is the parent company of Naukri.com, one of India’s leading online job portals with a dominant presence in the recruitment space.

Key Strengths
1. Market Leadership: Naukri.com holds a virtual monopoly in the online job search market, being the top choice for both job seekers and employers.
2. Consistent Growth: The company has reported rising sales and profits over the last 5 years.
3. Robust Shareholding Structure (as of March 2025):
○ Promoters: 37.63%
○ Foreign Institutional Investors (FII): 33.25%
○ Domestic Institutional Investors (DII): 18.18%
○ Public: 10.17%
4. Low Debt: Negligible debt of ₹267 crore.
5. Strong Profitability: Operating Profit Margin (OPM) of 31%.

Technical Analysis
1. On 12th August 2024, the weekly candle broke the previous high of ₹1450, last seen on 18th October 2021.
2. The stock surged to ₹1800 in the week of 6th January 2025, before correcting to ₹1160.
3. In the week of 12th May 2025, the stock once again crossed the ₹1450mark with strong volume.
4. Based on current momentum, the price could potentially reach ₹1800 by 31st May 2026.

Disclaimer
1. Always conduct your own analysis before taking any position. Consider your risk-reward ratio.
2. Review the stock's performance monthly and take appropriate action if it underperforms.
3. Do not allocate more than 2%–3% of your trading capital to a single stock.

Click on Boost if you like the Idea. leave a comment and i shall reply as much as i can.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.