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Diamonds in the Dust | This monopoly business is almost at its 6 year lows

March 26, 2020 / 09:59 PM IST
Diamonds in the Dust | This monopoly business is almost at its 6 year lows

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Concor (CMP: Rs 280, Mcap: Rs 17,060 crore) is a company which has a proven track record. Its valuations have turned attractive after the price corrected by over 50 percent in the coronavirus induced market meltdown. We remain optimistic on the company’s prospects as its cash flows remain robust. Given its monopolistic position in the market and   cash rich balance sheet, the business has the ability to survive even if things get worse before they turn better. What are...

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