Buy Page Industries, target Rs 24,200: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Page Industries Ltd
with a target price of Rs 24200
The current market price of Page Industries Ltd
is Rs 23183.25
Time period given by the analyst is Intra Day when Page Industries Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 22600
Page Industries Ltd., incorporated in 1994, is a largecap company with a market cap of Rs 25858.30 crore
Page Industries Ltd
key Products/Revenue Segments include Innerwear Leisurewear which contributed Rs 2476.92 Crore to Sales Value (97.05 % of Total Sales),
Others which contributed Rs 41.74 Crore to Sales Value (1.63 % of Total Sales), Scrap Others which contributed Rs 23.87 Crore to Sales
Value (0.93 % of Total Sales), Other Operating Revenue which contributed Rs 9.01 Crore to Sales Value (0.35 % of Total Sales) and Duty
Drawback which contributed Rs .49 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 690.76 Crore, down -15.27 % from last quarter Sales of
Rs 815.26 Crore and up 10.40 % from last year same quarter Sales of Rs 625.71 Crore Company has reported net profit after tax of Rs 92.63
Crore in latest quarter
Kumar Maini, Mr.Shahendar Genomal, Mr.Shamir Genomal, Mr.Sunder Genomal, Mr.Timothy Ralph Wheeler, Mr.V S Ganesh, Mr.Varun Berry, Mr.Vedji
Ticku, Mr.Vikram Gamanlal Shah, Mrs.Rukmani Menon
Company has S R Batliboi Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 11,153,874 shares outstanding.