Dolat Capital is bullish on Page Industries has recommended buy rating on the stock with a target price of Rs 30,030 in its research report dated February 14, 2019.
Motilal Oswal believes Page remains a compelling investment case in the Indian consumer space, with potentially better earnings growth compared to peers and healthy return on capital employed (RoCE).
Page Industries announced special dividend of Rs 70 per share and interim dividend of Rs 41 per share.
11,000 needs to be crossed on a sustainable basis for the market to move higher towards 11,090 and 11,170. On the downside, the immediate support is placed at 10,813, which is two-session low
During July-December 2018 period, eight companies fell into the mid-cap category from largecap, 13 moved from small-cap category to mid-cap category
Net Sales are expected to increase by 14.8 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 712.9 crore, according to ICICI Direct.
Net Sales are expected to increase by 18.5 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 735.7 crore, according to Kotak.
Post-correction, the stock offers decent value, notwithstanding its steep price-to-earnings multiple.
The Nifty managed to hold above 10,850 on December 31, and if it breaks below this level then we expect the index to decline towards 10,760-10,740 where next supports are seen
Nifty PSU Bank added 1.5 percent in this afternoon session led by Syndicate Bank and Union Bank of India which jumped 3.5 percent each followed by Bank of Baroda, Canara Bank, Indian Bank and State Bank of India.
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.