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.
The momentum might have slowed down but nearly 100 stocks from the S&P BSE 500 index hit fresh record highs in the month of July which most experts say could be your winning bets.
Dolat Capital is bearish on Page Industries has recommended accumulate rating on the stock with a target price of Rs 17,860 in its research report dated July 14, 2017.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is placed at 9850 and the resistance is at 9916-9969 while Bank Nifty has support at 23750 and resistance at 24000-24300.
Net Sales are expected to increase by 29.4 percent Q-o-Q (up 12.7 percent Y-o-Y) to Rs 645.4 crore, according to ICICI. Page Industries to report net profit at 76.6 crore up up 12.7% year-on-year.
Prakash Gaba of prakashgaba.com is of the view that NTPC can climb to Rs 170 while Page Industries may hit Rs 17400.
Investors should use every bounce to make short position with keeping stop loss placed at 9,580. However, if Nifty closes above 9,630 then we may see Nifty to continue its overall trend which is on the higher side.
JSW Energy, Asian Paints, Page Industries and Tata Steel are on the radar of Kotak Securities
Ashwani Gujral of ashwanigujral.com recommends selling Balkrishna Industries, Axis Bank and Larsen and Toubro.
Ruchit Jain of Angel Broking recommends buying Manappuram Finance with a target of Rs 104 and Ashok Leyland with a target of Rs 100.
DLF, Bharat Electronics, BEML, Page Industries are on the radar of Kotak Securities