Reviews

BATA 

Ticker : 500043
FV: Rs 5
52-Week H/L: Rs 1116/656.8 

We had recommended the stock of Bata in the volume no 34, issue no 50 (dated 01 Oct., 2018) when the scrip was trading at Rs. 979.90. Our recommendation was based on company’s plan to expand its store in Tier-II and Tier-III cities. The company is not just expanding its presence in offline market, it is also focusing to expand its presence in online market while adopting asset light franchise model. Further, the company’s effort towards premiumisation of its product portfolio is helping it to record better realisations. Besides, it is also diversifying itself to various segment such as youth, woman and kids which would help Bata to drive its revenue in coming years. Owing to product premiumisation and adoption of asset light model, we urge our investors to HOLD onto this stock.

 

EVEREST INDUSTRIES 

Ticker: 508906
FV: Rs 10
52-Week H/L: Rs 636.90/380.45 

We had recommended the stock of Everest Industries in the volume no 34, issue no 44 (20 Aug., 2018) when the scrip was trading at Rs. 569.80. In the recently concluded quarter, the company reported stellar performance across the board. Its revenue grew by almost 20 per cent to Rs. 314 crore. While its net profit almost doubled to Rs. 8.7 crore from Rs. 4.5 crore in Q2FY18. During the quarter, the company’s utilisation level improved to 90 per cent from 85 per cent in corresponding quarter of last year. The company continues to increase its product mix by increasing contribution of premium products Everest Super, Arte Wood, Everest Jaali. The company’s requirement for working capital loan decreased due to better internal funding. Owing to all these positive factors, we urge our investors to HOLD onto this stock.