Earnings uptrend to resume; long-term growth triggers intact
Geojit is bullish on Bata India has recommended buy rating on the stock with a target price of Rs 2151 in its research report dated August 25, 2022.
ICICI Direct is bullish on Bata India has recommended buy rating on the stock with a target price of Rs 2225 in its research report dated August 12, 2022.
With aggressive store expansion and robust same-store sales growth (SSSG), owing to the focus on premiumisation, MBL is on track for a strong growth, going ahead.
State Bank of India is on the verge of a breakout from a symmetrical triangle pattern on the daily chart with good base formation on the lower end. The stock has surpassed its previous swing high with higher high and higher low formations intact.
With mobility increasing, post the drop in COVID-19 cases and channel partners restocking inventory (as the old GST rate inventory is liquidated), we expect volume growth in FY23.
Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up
Metro Brands has one of the best financial and operating metrices in the footwear industry. Driven by a robust store expansion and enhancement of online channel, the company is on track for a strong earnings growth
The shares were picked by a clutch of domestic mutual funds (MFs), foreign investors and an insurance company.
JP Morgan is the banker for the Bata India block deal.
Campus Activewear's profitability is comparable to listed industry players. However, return ratios and growth prospects are better. Valuations at a discount to listed players offer a decent opportunity
Net Sales are expected to increase by 23.7 percent Y-o-Y (down 13.3 percent Q-o-Q) to Rs. 729.8 crore, according to ICICI Direct.
Relaxo Footwears' recent capacity expansion announcement shows that long-term opportunity continues to remain robust as it looks to enter untapped markets
Geojit recommended accumulate rating on Bata India with a target price of Rs 2135 in its research report dated February 23, 2022.
Here's what Jayesh Bhanushali of IIFL Securities recommends investors should do with these stocks when the market resumes trading today
Net Sales are expected to increase by 32 percent Y-o-Y (up 32.1 percent Q-o-Q) to Rs. 811.2 crore, according to ICICI Direct.
MBL’s earnings growth (over FY20-23) as well as valuations (based on FY23 projections) are at about 20 percent premium to Bata and discount to Relaxo, respectively
Here's what Rajesh Palviya of Axis Securities, recommends investors should do with these stocks when the market resumes trading today.
Given the premium valuations to Bata and lower discount as compared to Relaxo, we believe Metro Brands IPO valuations provide little margin of safety for investors