External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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

Thanga Mayil Jewellery / Equity Bottom-Up

<ul><li>Historically, the jewellery business has been low-margin and highly capital-intensive, thereby making it difficult for jewellery companies to fund a significant part of store expansion</li><li>As a result, some of the large national players have opted for the franchisee route for store expansion</li><li>Banks/financial institutions are willing to fund store capex only to a certain extent, given the historical track record of jewellery retailers.</li></ul><p><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></p>

Historically, the jewellery business has been low-margin and highly capital-intensive, thereby making it difficult for jewellery companies to fund a significant part of store expansionAs a result, some of the large national players have opted for the franchisee route for store expansionBanks/financial institutions are willing to fund store capex only to a certain extent, given the historical track record of jewellery retailers.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.

Thangamayil Jewellery: DigiGold - A Panacea for High Capital Needs. Maintain BUY