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Below are Views On Midcap stock for buy - By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

Somany Ceramics CMP –Rs440 Target Price:-Rs520

Somany Ceramics Ltd (SCL) is a manufacturer and trader of a complete decor solutions and its extensive range of products include Ceramic Wall and Floor Tiles, Polished Vitrified Tiles etc.q.Shift from unorganized (currently - 60%) to organized (currently -40%) tiles markets will benefit branded players like SCL.Further, Exports anti-dumping duty levied by the US on Chinese players as well as other countries, has been absorbing the Morbi based unorganised volumes, thus improving the demand and pricing scenario for organized players like SCL. We expect SCL to report healthy bottom-line over FY2020-23E due to strong brand and wide distribution network  and improvement in operating margins.

Radico Khaitan: CMP-Rs568 Target Price:-Rs659

Radico Khaitan Ltd (RKL) is a leading manufacturer of Indian Made Foreign Liquor (IMFL). It has a strong pan-India presence with growing sales in the premium brands like Magic Moments Vodka, 8PM Premium Black Whisky, etc. last few quarters, RKL has outperformed the industry on revenue growth front. Going forward, we expect RKL to report healthy profitability mainly due to strong sales growth in the premium product segment (brand extension and launches in new states) and reduction in interest cost.

Page Industries : CMP-Rs28,270 Target Price:-Rs32,700

Page Industries Ltd (PIL) is engaged in the manufacturing distribution and marketing of Innerwear Athleisure Sleepwear and Swimwear for men, women and kids. The company is the exclusive licensee of the Jockey brand. Jockey is the market leader in premium innerwear & leisure wear category in India. Going forward, we expect healthy revenue growth and profitability on the back of a strong brand, wide distribution network and entry in new segments like Athleisure & Kids.

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