NAUKRI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | NAUKRI | Market Cap | 81,367 Cr. | Current Price | 1,255 ₹ | High / Low | 1,637 ₹ |
| Stock P/E | 77.6 | Book Value | 694 ₹ | Dividend Yield | 0.48 % | ROCE | 4.91 % |
| ROE | 2.75 % | Face Value | 2.00 ₹ | DMA 50 | 1,329 ₹ | DMA 200 | 1,373 ₹ |
| Chg in FII Hold | -0.67 % | Chg in DII Hold | 0.82 % | PAT Qtr | 297 Cr. | PAT Prev Qtr | 260 Cr. |
| RSI | 36.9 | MACD | -21.4 | Volume | 5,12,292 | Avg Vol 1Wk | 16,12,462 |
| Low price | 1,151 ₹ | High price | 1,637 ₹ | PEG Ratio | 6.50 | Debt to equity | 0.01 |
| 52w Index | 21.3 % | Qtr Profit Var | 359 % | EPS | 83.8 ₹ | Industry PE | 27.6 |
📊 Chart Patterns & Trend: Naukri is in a bearish consolidation phase after correcting from its highs. Price is trading below both the 50 DMA (1,329 ₹) and 200 DMA (1,373 ₹), indicating short-term weakness and medium-term resistance. Strong support is visible near 1,150–1,200 ₹, while resistance lies around 1,320–1,350 ₹.
📉 Moving Averages: Both 50 DMA and 200 DMA are acting as resistance. Sustained move above 1,330–1,350 ₹ would confirm bullish reversal.
📉 RSI: At 36.9, RSI is weak, suggesting bearish momentum and oversold conditions.
📉 MACD: Negative (-21.4), showing bearish crossover and continued downside momentum.
📊 Bollinger Bands: Price is near the lower band, reflecting oversold conditions. A rebound toward 1,300–1,320 ₹ is possible if support holds.
📊 Volume Trends: Current volume (5.1 lakh) is significantly lower than average weekly volume (16.1 lakh), showing reduced participation and lack of strong buying support.
🎯 Entry Zone: 1,180–1,220 ₹ (support zone).
🎯 Exit Zone: 1,320–1,350 ₹ (resistance zone).
🔑 Stop Loss: 1,150 ₹ (below recent support).
Positive
- EPS at 83.8 ₹ supports valuation strength.
- Debt-to-equity ratio at 0.01 shows virtually debt-free balance sheet.
- Quarterly PAT improved from 260 Cr. to 297 Cr. (359% growth).
- DII holdings increased (+0.82%), showing domestic institutional support.
- Strong 52-week performance with 21.3% index gain.
Limitation
- Price trading below both 50 DMA and 200 DMA confirms short-term weakness.
- ROCE at 4.91% and ROE at 2.75% are modest compared to peers.
- PEG ratio at 6.50 indicates poor growth-adjusted valuation.
- Stock P/E at 77.6 is much higher than industry PE (27.6), suggesting overvaluation.
- Weak volume participation limits momentum strength.
Company Negative News
- FII holdings decreased (-0.67%), reflecting reduced foreign investor confidence.
- Stock corrected from 1,637 ₹ to 1,255 ₹, showing investor caution.
Company Positive News
- Quarterly PAT growth highlights operational improvement.
- DII inflows (+0.82%) show domestic institutional confidence.
- Debt-free balance sheet provides financial stability.
Industry
- Industry PE at 27.6 vs. stock PE at 77.6 highlights premium valuation.
- Digital recruitment and job portal sector supported by rising demand for online hiring platforms.
Conclusion
⚖️ Naukri is in a bearish consolidation phase with weak signals (RSI low, MACD negative). Short-term bounce is possible from 1,180–1,220 ₹, but resistance near 1,320–1,350 ₹ limits upside. Medium-term outlook remains cautious due to high valuation, weak return ratios, and low volume participation, though PAT growth, debt-free status, and DII inflows provide resilience. Risk management is crucial for traders considering entry.
Would you like me to extend this into a peer benchmarking overlay with other digital recruitment and HR-tech companies (like Info Edge peers, Monster India, and LinkedIn global trends) to highlight relative strength and sector rotation opportunities?