A combination of good dividend yields and favourable re-rating prospects makes the stock attractive, notwithstanding its demanding valuation.
Dolat Capital is bullish on Page Industries has recommended buy rating on the stock with a target price of Rs 35000 in its research report dated November 14, 2018.
Credit Suisse cut target price of Page Industries to Rs 22,000 from Rs 26,000 per share after it reduced earnings estimates by 5-12 percent over FY19-21.
In Samvat 2074, indices climbed to all-time highs as Sensex touched 38,989.65 on August 29, while Nifty hit 11,760.20 on August 28
An oligopolistic nature of the market, higher consumer discretionary spending, wider reach of organised retailers and increased awareness towards health/hygiene should benefit leisurewear companies in the long run.
Ajay Srivastava of Dimensions Consulting is betting big on PVR at present as he feels it is the new Maruti Suzuki in the entertainment space
Dolat Capital recommended accumulate rating on Page Industries with a target price of Rs 27294 in its research report dated July 16, 2018.
Net Sales are expected to increase by 15.5 percent Y-o-Y (up 32.4 percent Q-o-Q) to Rs. 805.2 crore, according to ICICI Direct.
For a short to medium term perspective, Thursday high of 11,078 will act as an immediate hurdle above which index is likely to test its all-time high of 11,171.55.
Product premiumisation, higher advertising spends, network expansion, foray into clothing and GST-induced market share gains should augur well for all companies in the long-run
ICICI Direct is recommended hold rating on Page Industries with a target price of Rs 25550 in its research report dated May 28, 2018.
Credit Suisse has however maintained an underperform rating on the stock but raised the target to Rs 21,300 from Rs 20,000 per share.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
Net Sales are expected to increase by 18 percent Y-o-Y (down 5.2 percent Q-o-Q) to Rs. 588.8 crore, according to ICICI Direct.
"We are structurally bullish on Page Industries as it is a secular story. It is one of the great companies available at listed space," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Motilal Oswal is bullish on Page Industries has recommended buy rating on the stock with a target price of Rs 27490 in its research report dated February 23, 2018.
Profit surpassed analyst expectations. A CNBC-TV18 poll saw it at Rs 79 crore for the quarter.
Cholamandalam Securities is bearish on Page Industries has recommended sell rating on the stock with a target price of Rs 15316 in its research report dated November 13, 2017.
Operating profit may increase 17 percent year-on-year to Rs 125 crore, but margin may contract 40 basis points to 19.7 percent in Q2.
Page Industries hit Rs 20,000 levels today. Watch accompanying video of CNBC-TV18's Mangalam Maloo for key highlights of the journey from listing of the company to where it is now.
Page Industries had very good set of results in Q1 led by a jump in revenue while margins remained stable. In an interview to CNBC-TV18, Sunder Genomal, MD, Page Industries shared his reading and outlook on how Q2 is panning out so far.
ICICI Direct recommended hold rating on Page Industries with a target price of Rs 15,115 in its research report dated August 11, 2017.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9862 and the resistance is at 9968-10000. On the other hand, Bank Nifty has support at 24000 and resistance at 24500.
Analysts expect volume growth at 7-8 percent and realisations at 7-8 percent that may negate the impact of high cotton price.