NYKAA - FUNDAMENTAL AND TECHNICAL PICKOn Occassion of Diwali my educational pick basis fundamental and technical will be Nykaa NSE:NYKAA
On technical front
Price Crosses Moving Average (50-week)
After down trend price in consolidation mode making HH and HL
Bullish Momentum - Above Short, Medium and Long Term Moving Averages
Outperformer - FSN E-Commerce Ventures Nykaa up by 1.32% v/s NIFTY 50 down by -1.34% in last 1 month
RSI indicating price strength
On fundamental front
Company consistently making profits
recent earnings show strength
Company with low Debt
Company able to meet its working capital requirments
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Shareholding pattern
Number of FII/FPI investors increased from 227 to 230 in Sep 2023 qtr.
Institutional Investors have increased holdings from 21.62% to 24.15% in Sep 2023 qtr.
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