Jyoti CNC:Strong Institutional Accumulation with good Financials
Title: "Jyoti CNC Automation: Strong Institutional Accumulation with Stellar Financials – Bullish Outlook"
Stock: Jyoti CNC Automation Ltd.
Analysis:
Jyoti CNC Automation is gaining momentum with robust financial performance and increasing institutional interest:
Quarterly Revenue: ₹383 Cr, reflecting a 46.0% YoY growth.
Quarterly Net Profit: ₹70 Cr, showcasing a massive 268.4% YoY growth.
Institutional Confidence:
Promoter Holding: Stable at 62.55% (Sep 2024 quarter).
FII/FPI Holdings: Increased from 4.91% to 5.81%, with the number of FII/FPI investors rising from 47 to 58.
Mutual Funds: Holdings surged from 6.38% to 10.87%, and the number of schemes increased from 14 to 19.
Overall Institutional Holdings: Grew significantly from 11.45% to 16.80%, underlining strong institutional confidence in the company.
With a CMP of ₹1273, the stock appears well-positioned for further upside, supported by its excellent financial performance and rising institutional participation.
Technical Setup:
Trend: Strong bullish momentum driven by institutional accumulation.
Support Levels: Watch for a hold above ₹1250 as a confirmation of strength.
Trade Plan:
Entry: CMP ₹1273 or on sustained strength above ₹1300.
Target: Short-term target at ₹1400; mid-term target at ₹1500.
Stop Loss: Below ₹1230 to manage risk.
Note: With stellar financial growth and significant institutional accumulation, Jyoti CNC Automation is poised for a continued bullish trend.
Stock: Jyoti CNC Automation Ltd.
Analysis:
Jyoti CNC Automation is gaining momentum with robust financial performance and increasing institutional interest:
Quarterly Revenue: ₹383 Cr, reflecting a 46.0% YoY growth.
Quarterly Net Profit: ₹70 Cr, showcasing a massive 268.4% YoY growth.
Institutional Confidence:
Promoter Holding: Stable at 62.55% (Sep 2024 quarter).
FII/FPI Holdings: Increased from 4.91% to 5.81%, with the number of FII/FPI investors rising from 47 to 58.
Mutual Funds: Holdings surged from 6.38% to 10.87%, and the number of schemes increased from 14 to 19.
Overall Institutional Holdings: Grew significantly from 11.45% to 16.80%, underlining strong institutional confidence in the company.
With a CMP of ₹1273, the stock appears well-positioned for further upside, supported by its excellent financial performance and rising institutional participation.
Technical Setup:
Trend: Strong bullish momentum driven by institutional accumulation.
Support Levels: Watch for a hold above ₹1250 as a confirmation of strength.
Trade Plan:
Entry: CMP ₹1273 or on sustained strength above ₹1300.
Target: Short-term target at ₹1400; mid-term target at ₹1500.
Stop Loss: Below ₹1230 to manage risk.
Note: With stellar financial growth and significant institutional accumulation, Jyoti CNC Automation is poised for a continued bullish trend.
Not
Short term target acheievd yesterday, Book profits or keep trailing as per your own risk appetite
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