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PAGE INDUSTIES BUY@46000-44000 LEVEL
Incorporated in 1995, Page Industries Limited is the exclusive licensee of JOCKEY International Inc. for manufacturing, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacturing, marketing and distribution of the Speedo brand in India.
FROM THE LAST 5 YEARS COMPANY SALES INCREASED FROM 2129 CR TO 4760 CR ALMOST 1.25 X , NET PROFIT ALSO INCRESED FROM 232 CR TO 573 CR. COMPANY IS KEEPING A HEALTHY OPM OF 21% STEADLY.LAST YEAR COMPANY REDUCED ITS DEBT FROM 127 CR TO 110 CR.
PAGEINDUSTRIES TRADING @ PE OF 76.8 , IT WAS TRADED@176 PE IN 2021 NOW THE AVG PE IS IN ATTRACTIVE LEVEL.
IAM SUGGESTING TO BUY THIS SHARE@46000-48000 LEVEL , DUE TO FAIR PRICING AND GROWTH EXPECTATION WILL BE BETTER IN FUTURE FOR THE PRICE TARGET 75000
