Jyothy lab

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by vineet, Aug 27, 2016.

  1. vineet

    vineet Active Member

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    Friends whts the target for jyothy labs
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    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 .....
     
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  3. vineet

    vineet Active Member

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    Nice move
     
  4. Farhan Ghumra

    Farhan Ghumra Active Member

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    It was recently covered in ET Wealth in stock of the week column.
     
  5. hemang dave

    hemang dave New Member

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    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.
     
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  6. vineet

    vineet Active Member

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    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.
     
  7. hemang dave

    hemang dave New Member

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    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.
     
  8. vineet

    vineet Active Member

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    Whts ur pick sir
     
  9. hemang dave

    hemang dave New Member

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    sun pharma,lupin,cadila health,IPCA in pharma.
    narayana hrudalaya,thyrocare
    bajaj corp,tata coffee,tata global
     
  10. hemang dave

    hemang dave New Member

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    keep eye on tata sponge
     
  11. Ravikumar

    Ravikumar Active Member

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    DHFL in NBFC space is picking momentum as they are focusing on low cost funds now....
     
  12. hemang dave

    hemang dave New Member

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    good share but value stretched.
     
  13. vineet

    vineet Active Member

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    Thxs sir
     
  14. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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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
     
    Last edited: Aug 30, 2016
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  15. vineet

    vineet Active Member

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    Thxs Rama sir I'm already at 10%profit in less then 10days in jyothy lab. Will trade with stop-loss.
     
  16. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    very good .... congratulations
     
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  17. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    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
     
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  18. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    TODAY JYOTHI LAB PRICE RS. 339.30 (6 % UP)
    DAY HIGH RS. 346.95
     
  19. saturn

    saturn Member

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    A good trading stock oscillating between 290-335
     
  20. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    TODAY 4.5 LAKH SHARES TRADE IN 3 BLOCK DEALS IN BSE Rs.338.05 PER SHARE
    source : CNBC TV18
     
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