Buy Page Industries, target price Rs 46500: IIFL Securities

IIFL Securities issued a 'buy' recommendation for Page Industries on October 14, with a target price of Rs 46,500. The current market price of Page Industries is Rs 45,879.1. This implies a potential upside of approximately 1.4%. The brokerage firm cited the company's strong fundamentals, including a leadership position in the premium innerwear segment, healthy financial performance, and strong growth prospects. Page Industries owns and operates popular brands such as Jockey, Speedo, and Amante.

About Page Industries:

Page Industries Ltd. is an Indian manufacturer and retailer of innerwear, sleepwear, and athleisure wear for men, women, and children. The company holds the exclusive rights to manufacture, market, and distribute the Jockey brand in India, Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Page Industries also operates exclusive brand outlets for Jockey and Speedo in India. The company's products are available in over 1,000 multi-brand outlets and 200 exclusive brand outlets across India. Page Industries is headquartered in Bangalore, India, and has a manufacturing facility in Tirupur, Tamil Nadu.

52 Week Price Trend:

Page Industries, a leading apparel manufacturer in India, is currently trading at Rs 45879.1. This falls within its 52-week price range, where the highest price reached was Rs 43599 and the lowest was Rs 34952.65. The company's stock has been showing steady growth in the past year, indicating its strong market position and potential for further appreciation. Investors may want to consider evaluating the company's financials and market outlook before making investment decisions.

Stratzy's MOST Analysis:

PAGEIND has been rated AA- by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on four pillars: Management, Outlook, Safety, and Trend. Stratzy evaluates each of these aspects to assign a score and an overall rating. The AA- rating suggests that PAGEIND has a strong management team, positive business outlook, sound financial position, and a favorable industry trend. This overall rating implies that investors should be aware of the potential risks associated with investing in PAGEIND, but that these risks are generally considered to be manageable.

Company's Fundamentals:

Page Industries (NSE: PAGEIND) is a leading manufacturer and distributor of innerwear, loungewear, and swimwear in India. The company has a market capitalization of approximately INR 60,000 crores. As of today, the stock price of Page Industries is INR 42,000. Its trailing twelve months (TTM) price-to-earnings (PE) ratio is 74.52, which indicates that investors are willing to pay INR 74.52 for every INR 1 of earnings. The company's price-to-book (PB) ratio is 26.28, which means that the market value of its assets is 26.28 times its book value. Page Industries pays a dividend yield of 0.69%, which means that investors can expect to receive INR 0.69 for every INR 100 invested in the stock.

Fundamental and Technical information provided in this blog were last updated on 08 Oct, 2024

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