External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Safari Industries India / Equity Bottom-Up

<ul><li>The management indicated to register growth higher than pre-Covid levels in the H2FY22 on account of an increase in domestic leisure travel, marriage season, etc</li><li>Given constraints on discretionary spending, consumers have become price-conscious and thus prefer mid-premium/value brands where Safari is well positioned.</li><li>We maintain our BUY rating with a revised TP of Rs 1100/share (previously Rs 925/share) as we value the stock at 45x PE FY24E.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The management indicated to register growth higher than pre-Covid levels in the H2FY22 on account of an increase in domestic leisure travel, marriage season, etcGiven constraints on discretionary spending, consumers have become price-conscious and thus prefer mid-premium/value brands where Safari is well positioned.We maintain our BUY rating with a revised TP of Rs 1100/share (previously Rs 925/share) as we value the stock at 45x PE FY24E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Safari Industries: Ready To Bag On Growth Opportunities As Demand Revives