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INFO EDGE (I) LTD
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Initiate Long position on #Info Edge above 3777

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Info Edge(Naukri.com) on the verge of breakout from falling Wedge pattern.

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.
Nota
Target 1 achieved on 2nd June 2023!!!
Nota
All targets achieved as on 4th Aug'23
Nota
The above call was a short-term bet. You are advised to square off positions if any. The company has weak financials.
Fundamental AnalysisinfoedgeTrend Analysis
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Penafian

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