Investors Eye

Stock Update

Jyothy Laboratories

Reco: Buy

Stock Update
CMP: Rs349

Growth drivers in place; retain Buy with revised PT of Rs400

Key points

Company details
5V

Price target:
Market cap:

5VFU

52-week high/low:

5V
ODNK

NSE volume:
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BSE code:



NSE code:

-<27+</$%

Sharekhan code:

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FU

Shareholding pattern

Others
10%
FIIs
14%
Domestic
institutions
9%

Promoters
67%

Price chart
370
350
330
310
290
270

Sep-16

May-16

Jan-16

Sep-15

250

Price performance

P

P

P P

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Key catalysts in place; growth momentum to sustain in near future:-\RWK\

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Maxo likely to regain double-digit growth in Q2FY2017; Exo & Ujala also
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Better working capital management; balance sheet is relatively comfortable:
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Retain Buy with revised PT of Rs400: :LWKPXOWLSOHJURZWKGULYHUVLQSODFHZH
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Valuations (Consolidated)
Particulars
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FY2015










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Rs cr
FY2019E










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Sharekhan

September 20, 2016

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