Brokerage: CLSA | Rating: Buy | Target: Rs 505
CLSA said that fresh capex will not hurt our argument of the company tripling its dividend. Further, investments shall be self-financing if the company can seal JV deals in time.
Brokerage: CLSA | Rating: Buy | Target: Rs 885
CLSA said that off-season makes Q4 less relevant for the firm. It also said that Q4 contributes <5% of its full-year EBITDA. It also highlighted that the firm has been able to secure the rights for more territories. New Territories & products give the firm an opportunity to expand volume & market share.
Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 1,700
The global investment bank said that the firm expects Q3 volume growth of 11% to sustain. Further, it said that the company plans judicious price increase to counter inflationary pressure.
Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 970
The bank said that the firm is a big beneficiary of formalisation in jewellery sector. Further, it said that it has a strategy to launch new collections every quarter.
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!
