Stock name: Tilaknagar industries
Sector: Alcohol and beverages
Thesis:
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Andhra Pradesh and Tamilnadu expected to reduce excise duty and create more conducive policy for alcohol sector. This could boost volumes by 20+%.
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More focus on premiumization, resulting in increased margin
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Company has reduced debt drastically and will be debt free by Q2FY25. All profits will become cash flow and help company expand distribution network, marketing reach with the cash in hand.
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Technically about to break ATH with long 18 month consolidation.
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