Info Edge (Job) share price has been under pressure for some time now, but at the moment, the counter is trading near its crucial support. First, the stock turned from this level and headed for a rally Domestic brokerage and research firm Anand Rathi highlights, 7,000 views.
According to the brokerage, on the daily chart, Moving Average Convergence Divergence (MACD) is a positive crossover as well as a Bullish Bait pattern which looks attractive. share stock as top pick For months, it allowed traders to use . It is advised to go long in the stock with a target price of 5,450 and stop loss 4,250 (over 17% potential upside) with a one-month time frame.
Shares of Info Edge are down more than 8% in a month, while it has fallen more than 18% so far in 2022 (Year-to-date or YTD). Internet company Info Edge (India) private Info Edge runs online job portal Naukri.com, as well as matrimony site Jeevansathi.com, real estate platform 99Acres.com educational website Shiksha.com, among others.
With a network of 62 offices located in 43 cities across India, Info Edge has 4,049 employees engaged in innovation, product development, integration with mobile and social media, technology and technology updating, research and development, quality assurance, sales, marketing and Engaged in payment collection. , It has also forayed into the Gulf market with the website www.naukrigulf.com and currently has offices in Dubai, Bahrain, Riyadh and Abu Dhabi.
The company registered a growth of over 90% in its standalone net profit during the third quarter (Q3) 133. Compared to 69 crore in the same quarter last year, with a growth of 48% in net sales 403 crore during the quarter.
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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