Page Industries's target Rs 39200: IIFL Securities's Top Stock to Buy Today

IIFL Securities issued a buy recommendation for Page Industries on June 5th, advising investors to purchase the stock at its current market value of Rs 38,186. Analysts expect the company's stock to appreciate to a target price of Rs 39,200, suggesting a potential return of approximately 2.7%. This recommendation is based on the company's strong fundamentals and expected growth in its innerwear and apparel segments.

About Page Industries:

Page Industries is a leading manufacturer and distributor of premium innerwear, sleepwear, and sportswear in India. The company is a licensee of the Jockey brand, which is one of the most recognized and trusted brands in the world, and also holds the exclusive rights to distribute Jockey products in India, Sri Lanka, Bangladesh, Nepal, Bhutan, and the Maldives. Page Industries has a wide distribution network of over 17,500 points of sale across India and key international markets. The company also operates a state-of-the-art manufacturing facility in Sri Lanka. Page Industries' products are known for their high quality, comfort, and innovation, and have earned the company a loyal customer base.

52 Week Price Trend:

Page Industries, a leading manufacturer and retailer of innerwear and sleepwear in India, has been experiencing a downward trend in its stock price recently. Trading at Rs 38186, the stock has seen a significant drop from its 52-week high of Rs 43599. Despite the decline, Page Industries remains within a relatively narrow range, with its 52-week low standing at Rs 34952.65. Analysts attribute the recent weakness in the stock price to factors such as inflationary pressures, supply chain disruptions, and concerns about consumer spending. Nonetheless, Page Industries continues to benefit from strong brand recognition, a robust distribution network, and a loyal customer base. Investors should monitor the company's key financial metrics and market conditions to assess its long-term prospects.

Stratzy's MOST Analysis:

PAGEIND has received an AA- rating from Stratzy's MOST Framework, which assesses company fundamentals based on Management, Outlook, Safety, and Trend. This rating indicates that the company has Medium Fundamental Risks. The AA- rating suggests that PAGEIND has sound management, a positive outlook, a strong financial position, and a favorable industry trend. While the company may face some challenges, its overall fundamentals are considered to be strong.

Company's Fundamentals:

Page Industries (NSE:PAGEIND) is a leading manufacturer and distributor of premium innerwear and athleisure products. Its stock fundamentals include: - **Stock PE:** 74.52, indicating that investors are willing to pay a premium for each rupee of earnings. - **PB Ratio:** 26.28, suggesting that the company's market value is over 26 times its book value, potentially indicating a valuation above its intrinsic worth. - **Dividend Yield:** 0.69%, providing a relatively low income stream for investors compared to other investment options.

Fundamental and Technical information provided in this blog were last updated on 05 Jun, 2024

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