Info Edge Shares: SEBI RA Mayank Singh Chandel Flags ₹1,525 As Key Level For Rally

Info Edge (Naukri) posted solid fourth-quarter earnings, and its chart is showing signs of strength, according to SEBI-registered analyst Mayank Singh Chandel.

He believes the stock is gearing up for a potential breakout, as it trades below a crucial resistance level.

At the time of writing this copy, Info Edge shares traded 3% lower on Wednesday. 

Info Edge reported a net profit of ₹463.3 crore, up 667% from ₹60.3 crore year-on-year. Revenues too rose 14% to ₹749.6 crore. 

This impressive growth was driven by a rebound in recruitment billing and continued momentum in non-recruitment verticals, which remain cash-positive. 

From a technical perspective, Chandel highlights that the stock found strong support near ₹1,311-₹1,244 before breaking above a falling trendline, indicating a bullish reversal in play.

Info Edge is currently consolidating just below ₹1,525, with evident accumulation. 

Chandel believes that a breakout above ₹1,525 could trigger fresh momentum, making it a potential breakout candidate.

Meanwhile, on Stocktwits, retail sentiment remained ‘neutral’ amid ‘normal’ message volume.

Info Edge shares have fallen 80% year-to-date (YTD). 

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