2193.30
-2.54%
Monarch Networth Capital Limited
We present an investment idea on Safari Industries with a fair value in the range of Rs 980-1,100. The company has undergone a paradigm shift after Mr Jatia acquired a majority stake and revamped the company's strategy and business operations. Over the years this has led to the company's turnover increasing ~10x and market share improving from a dismal 2% to 18%. Currently, Safari Industries is the single largest brand in terms of sales volume. We believe the company is in a sweet spot to capitalize on growth with economies opening up and massive shift from unbranded/unorganized to branded...
Safari Industries (India) Ltd. average weekly volume is high.
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