Reco. Price: 1,199
From a financial perspective, the company staged a massive turnaround from a loss of 426.9 million in FY17 to a net profit of 5009.49 million in FY18. This was achieved on account of higher revenue and keeping the total expenses under control. Info edge operates in the niche segment of offering Internet-based recruitment services which had rapidly picked up pace in 2017 due to introduction of Reliance Jio which enabled millions of Indians to access the Internet at very cheap prices. Adding more fuel to Info Edge's growth was the fact that India is the only country in the world having most of its population in the 25-34 age group which forms majority of Info Edge’s market.
Based on strong drivers from its robust financial strength, leadership in high-growth businesses and diversified interests in various startups, Info Edge made for a compelling Buy in 2018 given that it traded at a discount to its potential value.
Reco. Price: 50.25
Reco. Price: 360
Biocon, Syngene’s parent company, also posted a breakout on multiple time frames along with the entire sector being the flavor of the market. Both these companies reported good set of earnings performance for the quarter which gave it the fundamental support to rally as well.
Reco. Price: 520
Reco. Price: 126
Delta's online poker asset – Adda52.com – led the online gaming space and witnessed a substantial jump in traffic, compensating in part for the loss in the casino business during the lockdowns. The announcement of re-opening of casinos coupled with a strong performance of online poker assets provided a strong upswing to the stock. Identifying these factors, we determined that Delta Corp was a strong bet with very low downside and strong scope to flourish. Very soon, the market realized the same and drove prices higher.
Reco. Price: 110
Reco. Price: 3,623
From a technical perspective, the stock traded on the verge of a falling resistance line breakout then and saw early signs of an impulsive move. It was expected to witness a sustainable bullish move and rally into uncharted territory. While the signs of a reversal were present, the bearish pressure continued to push the prices down, making the stock more volatile. Yet, an effective stop-loss minimized the losses for those who invested.
Reco. Price: 370
The RSI indicator on daily chart also supported the thesis as it exhibited a negative divergence where stock made a higher high but RSI had made a lower high. Unfortunately, it hit the stop-loss before moving down.
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