Naukri (Info Edge) limited is an Indian E-Commerce Company. Head Quarter at Noida .Info edge is involved in various businesses like Recruitment, Matrimony, Real Estate and Education. We gave a buying call in naukri. Following are the points on behalf of which we gave the call:
Crossover of 18 and 5 SMA.
RSI between 30 to 60 indicates buying trend.
ADX crossover at 33, which indicates strong positive trend.
Previous Close and today’s opening both are same, indicates that investors are more bullish on this stock.
Fundamentally, Info Edge is a consistent performer. In Q4FY17 revenue increased by 7.96% ,net profit is 32.87 Core.