Jyothy Labs share price: Buy Jyothy Labs, target price Rs 164: IIFL

Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5761.50 Crore) operating in FMCG sector. Jyothy Labs Ltd. key Products/Revenue Segments include Personal Care and Scrap for the year ending 31-Mar-2020.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 499.14 Crore, up 3.34 % from last quarter Total Income of Rs 482.99 Crore and up 25.54 % from last year same quarter Total Income of Rs 397.60 Crore. Company reported net profit after tax of Rs 27.28 Crore in latest quarter.

Investment Rationale
Stock has given a long term bullish inverse head & shoulder breakout on the daily chart.


Promoter/FII Holdings
Promoters held 62.9 per cent stake in the company as of March 31, 2021, while FIIs held 12.5 per cent, DIIs 16.9 per cent and public and others 7.8 per cent.

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