SIRCA : Took a position for about 1.25% of the net capital
Analysts have issued favorable forecasts for its price, revenue, and earnings per share. Additionally, the company's financials exhibit attractiveness. Despite the presence of other formidable competitors in the market, there is ample room for growth for all players.
Promoters hold a significant 67.55% of the company's shares, while Mutual Funds currently have no holdings. However, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) maintain holdings of approximately 0.80% and 5.93% respectively. Institutional interest has been marginally increasing over recent quarters, although retailers still hold a higher proportion of shares at 25.73%.
While a higher retailer holding typically raises concerns, other confluence factors, coupled with technical confirmation, have led me to initiate a position equivalent to 1.25% of the net capital at the current price point. From this entry level, I anticipate a potential 42% increase towards the all-time high, which I currently view as a target for profit booking.
However, I am mindful of the possibility of a market downturn, and in the event of such an occurrence, I will reassess both fundamental and technical aspects to determine any necessary adjustments to the position.
Promoters hold a significant 67.55% of the company's shares, while Mutual Funds currently have no holdings. However, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) maintain holdings of approximately 0.80% and 5.93% respectively. Institutional interest has been marginally increasing over recent quarters, although retailers still hold a higher proportion of shares at 25.73%.
While a higher retailer holding typically raises concerns, other confluence factors, coupled with technical confirmation, have led me to initiate a position equivalent to 1.25% of the net capital at the current price point. From this entry level, I anticipate a potential 42% increase towards the all-time high, which I currently view as a target for profit booking.
However, I am mindful of the possibility of a market downturn, and in the event of such an occurrence, I will reassess both fundamental and technical aspects to determine any necessary adjustments to the position.
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.