Friday Closing price Rs. 296.90 above Rs. 300 it may fly Rs. 330-340 in short term if it break Rs. 280 it may get weakness .....
in my opinion it is high priced stock.it is 1 re stock at 305 today.stock moves up on news of buy back/open offer and comes back to 285-290 levels as soon as news declined by co.if u hv,sell around 310-15,entry options may b there at 285-90 again.today co's MD on CNBC said he expects 10% and 5% growth in urban and rural areas respectively.quite muted guidence in my opinion.
Sir u rightly pointed out. But the point to note is that it's small equity base of just 18.11 crore and reserves of more thn 1000crore. It is debt free company and promoter stake is above 66%. 52week high is 334and now trade at 311.in my opinion it would break it's 32week high.
mr.vineet,my contention is based on arguments put forward.market discounts future and MD's commentary is not that encouraging.alternates r available that can run faster,so my view is not that positive.
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Jyothi lab is a very good stock and PE Ratio if that stock is at 35.50 which is LITTLE HIGH in FMCG Division and Bajaj corp is at PE 29.50 and for ZYDUSWEL PE RATIO 33 BUT THEY SPEND ADVERTISING EXPENSE BELOW TO ALL COMPANIES IN THAT FMCG SECTOR because they want to win market with their quality and reasonable prices is company main strategy ZYDUS HIGHEST 26 % OF NET PROFIT USED TO ADVERTISEMENTS EXPENSES IS THE HIGHEST IN FMCG SECTOR BAJAJ CORP 18 % 4 TH PLACE HIND UNI LEVER 13 % 9 TH POSITION JYOTHI LAB 12 % WITH 12 POSITION IN THIS SECTOR so company management is very good and they want to give products low price and quality oriented is healthy for industry and they spend more on research also AND MORE OVER Vineet call is good for short term purpose and with strict stop loss needed for long term in corrections , accumulate slowly
Aug 27 ,2016 post i said if Jyoti Lab cross Rs. 300 it may reach 330-340 levels Today High price is Rs. 327.65 almost reached