Motilal Oswal's research report on PC Jeweller
We see an enormous opportunity unfolding in Indian Jewelry as a result of value migration towards organized players. Among all Consumer categories, Jewelry has the largest share of the unorganized segment, both in absolute terms (at INR1.4t) and percentage terms (at 70%). PC Jeweller (PCJL), India's second-largest Jewelry Retailer with a strong presence in the North and Wedding Jewelry, is expanding aggressively to leverage the ongoing value migration.
Outlook
We initiate coverage on PCJL with a BUY rating. Our target price of INR490 implies 36% upside.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
