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Kulneet singh

23 hours ago · SEBI-Registered Analyst

Info Edge: ₹1,400 Remains the Key Level to Watch

NAUKRI
is more than just ***** Along with its recruitment business, the company operates platforms such as 99acres, Jeevansathi and Shiksha, while its investment portfolio gives it exposure to several internet businesses. The latest Q1FY27 results are now available from the company, and for me the main fundamental point to track remains the performance of the recruitment business along with the progress of its non-recruitment verticals. Info Edge also continues to have an interesting combination of operating businesses and investments in new-age companies, which makes it different from a typical internet company. Technical View: On the chart, ₹1,400 is the most important level I am watching right now. The stock has reached this zone, but it still needs to give a proper breakout above ₹1,400. I would not consider just touching or briefly crossing this level enough. I want to see the stock break ₹1,400 properly and sustain above it, because this has been an important resistance zone. If that happens, then I would reassess the structure for the next move. For now, ₹1,400 remains the level that matters.

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