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Is Safari the ideal ‘right stock at a wrong time’?

Near-term stock performance of Safari might remain subdued and could provide ideal accumulation opportunity for long-term investors.

June 30, 2020 / 10:39 AM IST
Is Safari the ideal ‘right stock at a wrong time’?

Representative image

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

Highlights - Weak Q4, impacted by lockdown - FY21 likely to be a washout, gains likely in FY22 - Waning of premium and unbranded competition could be post-COVID opportunities - Focusing on high growth categories and channels - De-risking business through diversifying sourcing - Long term macro drivers in place - Near term headwinds could provide accumulation opportunity Safari Industries (CMP: Rs 370, Market Cap: Rs 829 crore), till sometimes back considered one of the smaller gems in the discretionary consumption space, is now staring at a double...

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