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Weekly Tactical Pick | This stock has a profitable recipe for your portfolio

The stock valuations are attractive and provide significant scope of re-rating from the current levels

September 23, 2022 / 01:29 PM IST
Weekly Tactical Pick | This stock has a profitable recipe for your portfolio

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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

Highlights Restaurants seeing sharp surge in demand SRIL will be a big beneficiary; Q1 revenue in FY23 crossed pre-pandemic levels Cloud kitchens enable SRIL to foray into new areas Reducing restaurant space and increasing delivery business Expanding confectionaries business Strong balance sheet; strengthening management team After two years of COVID-19 restrictions, the restaurant industry is seeing a sharp surge in demand. As people venture out, dine-in restaurants are benefitting the most. Re-opening of colleges and offices is also driving demand. Hence, Speciality Restaurants Ltd (SRIL; CMP: Rs 229;...

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