- This topic has 0 replies, 1 voice, and was last updated 9 years, 2 months ago by .
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
StocksDB › StocksDB › Hawk-Eye On The Stock Markets › Relaxo Footwears Ltd Research Report By Karvy
Tagged: Karvy, Relaxo Footwears
Relaxo, with its improving product mix and aggressive advertising, is moving up the value chain and becoming strong pan India player. By signing up leading celebrities from bollywood for promoting their products, the company has build its brands and strengthening its distribution network and venturing into e-commerce channels to push the sales. At CMP of Rs. 848 per share, the stock is trading at 29x FY17E EPS. We value the company at 32.2x and arrive at target price of Rs. 924 with an upside potential of 9% with “HOLD” rating.
EvoLve theme by Theme4Press • Powered by WordPress & Rakesh Jhunjhunwala Stock Broker Research Reports
Download The Best Broker Research Reports On The Best Stocks