DABUR : Added on to the position

27 במרץ

An additional position was initiated at approximately the same entry level as the initial one, as the price revisited those levels before reaching the target. This supplementary investment brings the net position size to approximately 2.5% of the net capital. The channel high is earmarked as the profit-taking target, with a potential move of about 22% to reach those levels.

Examining the shareholding pattern reveals a nuanced picture: Mutual Funds and DIIs are progressively increasing their stake in the company, while FIIs and retailers are reducing theirs. This mixed sentiment regarding institutional interest in the stock notwithstanding, the optimistic outlook provided by analysts' forecasts and the company's financials provides sufficient grounds to maintain confidence in holding the stock.

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.