NYKAA - FUNDAMENTAL AND TECHNICAL PICK

Nov 12, 2023

On Occassion of Diwali my educational pick basis fundamental and technical will be Nykaa NYKAA

On technical front

1. Price Crosses Moving Average (50-week)
   
2. After down trend price in consolidation mode making HH and HL
   
3. Bullish Momentum - Above Short, Medium and Long Term Moving Averages
   
4. Outperformer - FSN E-Commerce Ventures Nykaa up by 1.32% v/s NIFTY 50 down by -1.34% in last 1 month
   
5. RSI indicating price strength
   

On fundamental front

1. Company consistently making profits
   
2. recent earnings show strength
   
3. Company with low Debt
   
4. Company able to meet its working capital requirments
   
5. Growth in Net Profit with increasing Profit Margin (QoQ)
   
6. Increasing Revenue every quarter for the past 2 quarters
   
7. Increasing profits every quarter for the past 2 quarters
   

Shareholding pattern

1. Number of FII/FPI investors increased from 227 to 230 in Sep 2023 qtr.
   
2. Institutional Investors have increased holdings from 21.62% to 24.15% in Sep 2023 qtr.
   
3. Mutual Funds have increased holdings from 8.50% to 10.62% in Sep 2023 qtr.
   

PLEASE NOTE THAT:

• This chart analysis is only for reference purpose.
  
• This is not buying or selling recommendations.
  
• I am not SEBI registered.
  
• Please consult your financial advisor before taking any trade
  

Jan 16

Trade closed: target reached

EDUCATIONAL TARGET CLOSED!