Jyothi labs through their advertising skills mesmerised the whole of Inidia and made their product a household name. Hard work always pays rich dividents and Jyothi management proved it beyond doubt. Company can still grow much more and it is one among the best stocks for long term investment. Buy.
Although I am only an investor, and have been holding since a large quantity since the IPO onwards ( Which was incidentally, at 690/- , adjusting for splitting, comes to 138/-, the present prices are far lower than even the IPO prices ) the boarders should know that this Co. gets very thin trading on most days. Traders mostly avoid this scrip. But is a great FMCG stock .
I recently purchased this share at 120 Rs (400 quantity). Since then, it has been falling steadily. I am a long term investor. Can anybody tell the reasons for its downfall since the last few days on thin volumes?
U are right...........volumes are so low hence small selling pushes the price down......however results are great and stock is cum dividend of Rs 2/- per share.
You cannot have a better FMCG stock than this co. for long term investment. No debt, very ethical management, steady growth in turnover and profits over the years, and if their latest move into fabric wash becomes commercially viable, they would have a great new business proposition, and a totally new revenue stream.
The small size of the co., and the fact that most of the shares are with the promoters, generates very low floating stock, and low trading volumes. Because of the thin trading volumes, most MF`s and FII`s stay away from this counter, and so retail investors can access the stock at very reasonable prices, vis a vis say HUL or Marico , etc.which are always at very high prices due to the institutional demand.
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