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Friday, September 16, 2016

Jyothy Lab Trading On Its New High


Jyothy LabJyothy Lab share price traded twice on its 52 week value this week, on 14th and 16th November at Rs. 332. 50and Rs. 345.40 respectively. The stock volume spurted by more than 4.28 times.  Intraday on Friday, Jyothy Lab share price soared above 5.17 %. The stock opened at Rs. 327.65 against its previous closing at Rs.321.85, to touch the day’s high and low at Rs. 345.40 and Rs.321.50.
Today’s trading session saw approximately 2,68,641 shares being traded in the counter with a traded value of Rs. 912.55 lacs. Incorporated in 1983, Jyothy Lab is a Mumbai-based fast-moving consumer goods company.
The lower price band of the share is Rs. 257.50 and the upper price band is Rs.386.20.  The 52 week low of Jyothy Lab share price is seen at Rs. 252.10 on 29th Feb ‘16. The Average Daily Movement of the stock is 8.88 and its average volume for last 20 days is 228801. The stock yields 13 % monthly returns and has the PE ratio of 36.53. The market cap of the company amounts to Rs. 5844.11 (Cr) and has a book value of Rs. 46.72. The promoters holding pledged are at 30.22 %.
Jyothy Lab is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter amongst the 1700 stocks listed on NSE.  Jyothy Lab is fundamentally strong and is considered to be safe for investment.  The closest support and resistance level of the stock for this day stands at Rs. 315.00 and Rs. 333.50. As of now Jyothy Lab share price is trading at Rs. 338.65. The monthly low of Jyothy Lab share price is seen at Rs. 308.75.
In order to acquire further details on the support and resistance refer to Jyothy Lab share price forecast.

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