Initiate Long position on #Info Edge above 3777

12 Nis 2023

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.
  

11 Haz 2023

Not

Target 1 achieved on 2nd June 2023!!!

5 Ağu 2023

Not

All targets achieved as on 4th Aug'23

5 Ağu 2023

Not

The above call was a short-term bet. You are advised to square off positions if any. The company has weak financials.