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GoodluckCapital
Apr 21, 2020 3:10 AM

Buy Naukri Limited | Expected Profit 7-9% Long

INFO EDGENSE

Description

Buy Naukri (Info Edge India) Limited
(NSE: NAUKRI)

  • CP# - 2444.85
  • Buy Range - 2340-2440
  • Target - 2550-2600
  • Stoploss* - 2280
  • Duration - 12-15 Days


  • Potential Return^ - 7-9%
  • Risk : Reward = 2:3


# CP - closing price on April 20, 2020
* Maintain recommended StopLoss by daily closing basis.
  Once 1st target hit, reset StopLoss at 2500
^ Potential returns are calculated based on the median of buy range.

Comment

1st Target Hit - 2550
Comments
tushargupta84
What is the long term (4-5 years) potential? Thanks in advance!
GoodluckCapital
@tushargupta84, Would be happy to help on such a long projection. The stock may reach 3600 or far above.

Additional Note: Info Edge India Ltd (NSE: NAUKRI ) operates
1. online recruitment business through its flagship brand ‘Naukri’ for job seekers and corporate customers
2. online real estate classified business through its portal 99acres
3. online matrimonial classified business through its portal jeevansathi
4. online educational classified business through its portal shiksha

So, their business is quite diversified and all the websites are popular in their respective field.

Certainly you can buy and hold this stock for long term portfolio.
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