JMC project

Oct 16, 2022

JMC project. 130-140 level is possible in short term . You can see the head & shoulder pattern is in under formation, left shoulder & head is formed and now right shoulder is in under formation, if stock completed the pattern and cross the neckline, then the pattern target will be around 250 level. So big upside is possible. If you study the fundamental of this stock inventory days, debtors day, working captial cycle has come down on y-n-y basis. DII are increasing the stake, public holding is around 11% only and topline has increased from 1350cr to 6000cr from fy11. Company also pay good divided in some of the years.