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Published on 17/09/2020 2:24:46 PM | Source: Angel Broking Ltd

Stock Recommendations - VIP Industries, Hawkins Cookers, Endurance Technologies By Angel Broking

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VIP Industries

CMP:- Rs325  Target Price :- Rs375  Upside:-15%

VIP Industries Ltd (VIP) is the largest luggage player in India with ~50%+ market share in the organised market. It has been able to create successful sub brands like Carlton, VIP Bags, Skybags, Aristocrat, Alfa and Caprese. The  recent correction has given the investors an opportunity (long term perspective) to invest in a market leader with a strong brand & wide distribution network.

 

Hawkins Cookers

CMP:- Rs5,211  Target Price :- Rs5,992  Upside:-15%

Hawkins Cookers Ltd (HCL) operates in two segments i.e. Pressure Cookers and Cookware. Over the last two years, the company has outperformed TTK Prestige (market leader) in terms of sales growth ~13% vs. ~4% in the Cookers & Cookware segment. Going forward, we expect HCL to report healthy top-line & bottom-line growth on the back of gaining market share, increase in penetration of cooking gas, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19.

 

Endurance Technologies

CMP:- Rs1,117  Target Price :- Rs1,285  Upside:-15%

Endurance Technologies Ltd is one of India’s leading automotive component manufacturers with operations in India and Europe. It mainly caters to two and three-wheeler OEMs in India and supplies aluminum casting products to four-wheeler OEMs in Europe. Pent up demand and consumer preference for personal transportation is positive for domestic 2W companies, which would benefit Endurance

 

 

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