Shares of Info Edge, the parent company of employment portal Naukri, have dropped nearly 17 percent since the start of the calendar year 2025. This decline places Info Edge at odds with the broader market trend, where benchmark indices—the BSE Sensex and the NSE Nifty—have only declined around 4.5 percent each during the same period. On Monday, Naukri's stock experienced yet another setback, trading down 4 percent at Rs 7,235.
For the first time since May 2023, Naukri's stock is approaching its trend line support on the weekly scale, pegged at Rs 7,307. If the stock breaks and closes below this level, it would signal the end of nearly 21 months of bullish momentum, indicating potential challenges for the stock moving forward. Historical performance shows Naukri experienced notable gains, soaring 140 percent following the breakout above the super trend line back in May 2023, climbing from Rs 3,800 to reach an all-time high of Rs 9,129 by January 2025.
Market analysts are on alert for any signs of continued downside. The technical outlook for Naukri highlights key support levels at Rs 7,300, followed closely by Rs 7,200—the 50-week moving average. A slide beneath these levels could bring the stock down to support zones near Rs 6,740 and Rs 6,140, translating to a downside risk of about 20.3 percent from current marks. For the bearish momentum to slow, the stock will need to maintain above Rs 7,307 on a weekly closing basis, whereas resistance levels are situated at Rs 7,450, Rs 7,650, and Rs 7,800.
Meanwhile, Tata Motors has hit turbulent waters, with shares sinking to a 52-week low amid overall market weakness. The stock fell 1 percent to Rs 666 on the BSE, marking significant volatility with the company's market capitalization hovering around Rs 2.48 lakh crore. Technical indicators reveal the stock is trading below all major moving averages.
Last July, Tata Motors recorded its 52-week high of Rs 1,179. Since then, it has faced tough trading conditions, having declined 38 percent over six months and 28 percent annually. Analysts from Anand Rathi highlighted technical support at Rs 660 and resistance near Rs 690. A breakthrough above Rs 690 could pave the way for prices to reach Rs 720.
Further analysis from SMC Global Securities observed sustained bearish activity, noting Tata's stock has experienced significant corrective measures, dropping over 40 percent since its peak of Rs 1,179. The recent selling pressure escalated after the stock breached key support at Rs 900.
Currently, Tata's stock hovers near potential support around the 200-day EMA, located at Rs 645, which could serve as important price support. Market dynamics suggest potential volatility as bulls and bears contend for control. Fresh buying interest could emerge as investors look to capitalize on support near the 200-day EMA, but if the price falls below this threshold, it may exacerbate downward momentum, leading to potential levels around Rs 590.
Analysts are recommending caution at this juncture, advocating for investors to adopt a 'wait and watch' strategy. Reports from various market participants like AR Ramachandran suggest the stock is presently sideways to bearish, with immediate risks best observed around Rs 666. A daily close above the resistance level of Rs 694 could hint at achieving targets nearer to Rs 751.
Equity Research analysts are expressing mixed sentiments on Tata Motors, with firms like CLSA providing rating upgrades amid favorable valuations, projecting moderate bullishness. Conversely, firms like Motilal Oswal maintain neutral ratings, forecasting increased pressure on margins, especially for Tata's overseas arm, Jaguar Land Rover (JLR), due to tariff challenges and competition.
With market analysts across the board keeping their eyes on key price levels and trends, the outlook for both Info Edge and Tata Motors remains uncertain as they navigate through fluctuated investor interest and challenging economic landscapes.