MANYAVAR : Scaling Up with a 1.25% allocation
📈 Added 1.25% to my existing 1.25% holding in this stock, bringing the total holding to 2.5%. Anticipating a potential move of approximately 50% towards the target levels from the current average price levels.
📉 However, from the current average price levels, there's a downside risk of about 19% to the all-time lows. If the price were to plummet to those levels, further consideration for adding on would depend on the net capital size at that point.
💼 This stock belongs to the small-cap category. The financials of the company are notably attractive. Institutional investors, both Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs), have been consistently increasing their holdings over the past few quarters, totaling 3.45% and 7.74%, respectively, as of December 2023. Mutual funds have slightly reduced their stake but still hold about 10.28%. Retail investors have increased their holding, albeit modestly, standing at only 3.54%. This signifies a significant involvement of strong-handed institutions in the stock.
📊 Given these factors, the decision to take this position is substantiated by ample confirmation from institutional activity and the promising financial outlook of the company.
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📉 However, from the current average price levels, there's a downside risk of about 19% to the all-time lows. If the price were to plummet to those levels, further consideration for adding on would depend on the net capital size at that point.
💼 This stock belongs to the small-cap category. The financials of the company are notably attractive. Institutional investors, both Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs), have been consistently increasing their holdings over the past few quarters, totaling 3.45% and 7.74%, respectively, as of December 2023. Mutual funds have slightly reduced their stake but still hold about 10.28%. Retail investors have increased their holding, albeit modestly, standing at only 3.54%. This signifies a significant involvement of strong-handed institutions in the stock.
📊 Given these factors, the decision to take this position is substantiated by ample confirmation from institutional activity and the promising financial outlook of the company.
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If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
