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.
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.
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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