Buy Page Industries: IIFL Securities's Target Price Rs 45000
IIFL Securities recommends buying Page Industries at the current market price of Rs 43,862.2. The target price for the stock is set at Rs 45,000, indicating a potential upside of over 2% from the current market price. The brokerage firm is positive on the stock due to its strong brand portfolio, consistent financial performance, and growth prospects in the premium innerwear segment.
About Page Industries:
**Page Industries** is a leading Indian manufacturer and distributor of innerwear, leisurewear, and swimwear. Listed on the National Stock Exchange (NSE), it holds exclusive licensee rights for the Jockey, Speedo, and Enamor brands in India. With a wide distribution network spanning over 15,000 retail outlets, the company has a strong presence in both urban and rural markets. Page Industries has a diversified product portfolio catering to a wide range of consumers, including men, women, and children. The company is known for its high-quality products, innovative designs, and competitive pricing.
52 Week Price Trend:
Page Industries (NS:PAGE), a leading manufacturer of innerwear and sleepwear, is currently trading at Rs 43862.2, close to its 52-week high of Rs 43599. The stock has been a consistent performer over the past year, delivering strong financial results and rewarding shareholders with steady dividends. Despite market volatility, Page Industries' premium brand positioning and loyal customer base have supported its share price. At current levels, the stock trades at a trailing price-to-earnings ratio (PE) of around 60, reflecting its premium valuation. Investors should carefully consider this valuation and their investment strategy before taking a position in Page Industries.
Stratzy's MOST Analysis:
With Stratzy's MOST framework, PAGEIND has received a rating of AA-. This rating is based on an assessment of the company's Management, Outlook, Safety, and Trend. The AA- rating indicates that PAGEIND has Low Fundamental Risks. This means that the company is well-managed, has a positive outlook, and is financially sound. The company is also well-positioned to benefit from future trends.
Company's Fundamentals:
Page Industries (NSE:PAGEIND) trades at a high valuation with a Price-to-Earnings (PE) ratio of 74.52, indicating investors are willing to pay a premium for its earnings. This could be due to the company's strong brand recognition and market dominance in the innerwear segment. However, the Price-to-Book (PB) ratio of 26.28 suggests that the stock may be overvalued compared to its book value. Despite the high valuations, Page Industries offers a modest Dividend Yield of 0.69%, which may be attractive to income-seeking investors. Overall, the company's financial metrics imply a high valuation but could be justified by its strong market position and brand value.
Fundamental and Technical information provided in this blog were last updated on 08 Oct, 2024
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