NAUKRI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | NAUKRI | Market Cap | 64,474 Cr. | Current Price | 992 ₹ | High / Low | 1,550 ₹ |
| Stock P/E | 59.2 | Book Value | 694 ₹ | Dividend Yield | 0.60 % | ROCE | 4.91 % |
| ROE | 2.75 % | Face Value | 2.00 ₹ | DMA 50 | 1,121 ₹ | DMA 200 | 1,288 ₹ |
| Chg in FII Hold | -0.67 % | Chg in DII Hold | 0.82 % | PAT Qtr | 282 Cr. | PAT Prev Qtr | 297 Cr. |
| RSI | 37.7 | MACD | -55.8 | Volume | 18,47,575 | Avg Vol 1Wk | 20,43,576 |
| Low price | 930 ₹ | High price | 1,550 ₹ | PEG Ratio | 4.96 | Debt to equity | 0.01 |
| 52w Index | 9.93 % | Qtr Profit Var | 16.5 % | EPS | 84.5 ₹ | Industry PE | 20.8 |
📉 Chart & Trend: Info Edge (Naukri) is trading at ₹992, below both its 50 DMA (₹1,121) and 200 DMA (₹1,288), confirming a bearish bias.
📊 RSI: At 37.7, RSI is approaching oversold territory, showing weak momentum but potential for a short-term rebound.
📉 MACD: Negative at -55.8, reinforcing bearish momentum and lack of immediate recovery signals.
📈 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and possible short-term bounce if support holds.
📊 Volume Trends: Current volume (18.4 lakh) is slightly below the 1-week average (20.4 lakh), showing reduced participation and weak conviction.
📌 Momentum Signals: Short-term momentum is negative. Sustaining above ₹980–₹990 support is crucial; a breakout above ₹1,050–₹1,080 could trigger recovery.
🎯 Entry Zone: ₹980–₹990 (support zone, cautious entry).
🎯 Exit Zone: ₹1,080–₹1,120 (resistance zone, profit-taking advisable).
🔎 Trend Status: The stock is trending downward with oversold signals and weak momentum.
Positive
- EPS at ₹84.5 supports valuations.
- DII holdings increased (+0.82%), showing domestic institutional confidence.
- Debt-to-equity ratio at 0.01 indicates a nearly debt-free balance sheet.
- Quarterly PAT remains stable at ₹282 Cr despite sectoral challenges.
Limitation
- P/E of 59.2 is significantly higher than industry PE of 20.8, showing premium valuations.
- PEG ratio at 4.96 suggests stretched growth valuation.
- ROE at 2.75% and ROCE at 4.91% are weak compared to peers.
- Price trading below both DMA 50 and DMA 200.
Company Negative News
- FII holdings decreased (-0.67%).
- Weak technical momentum with bearish MACD.
- Premium valuations limit upside potential.
Company Positive News
- DII inflows (+0.82%) show confidence in the company.
- Debt-free balance sheet strengthens financial stability.
- Stable quarterly profits despite market weakness.
Industry
- Industry PE at 20.8 is much lower than Naukri’s P/E of 59.2, showing premium valuations.
- Digital recruitment and classifieds sector is cyclical, driven by hiring trends, IT demand, and discretionary spending by corporates.
Conclusion
⚠️ Naukri is in a bearish trend with oversold technical indicators. While fundamentals are supported by debt-free status and stable profits, weak ROE/ROCE and premium valuations limit attractiveness. Short-term traders may consider entry near ₹980–₹990 with strict stop-loss, targeting ₹1,080–₹1,120. Long-term investors should wait for stronger profitability and trend reversal before accumulating.
Selva, since you’re benchmarking digital recruitment and classifieds plays, I can prepare a peer overlay with IndiaMART, JustDial, and Quess Corp to compare Naukri’s momentum against sector rotation signals. Would you like me to add that basket scan for clearer compounding opportunities?