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You are here : IndiaNotes >> Research & Analysis >> Industries >> Beverages - Alcoholic >> Research

FMCG Beverages is on up move

Dynamic Equities Pvt Ltd | 27 Sep, 2016  | Follow Author | Add to my Favourites 
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FMCG Beverages is on up move


GST bought a cheerful smile for most of the sectors but alcohol companies were not given any benefits as the sector was kept out from GST purview. The sector reacted to the Government move and the stocks fell more than 40% from 2016 May’s high. GM Brew fell 41% from its high of Rs. 722 in June and made low of Rs. 442 on 4th Aug, Globus sprit fell 14% from high of Rs. 88 on 19th Aug to Rs. 75.35 on 29th Aug, Pincon fell 26% from its high of Rs. 89.40 to Rs. 65.40 and Radico kahitan fell 17% from high of Rs. 100 to Rs. 83.


Recently the sector has shown buying on increase in consumer demand


Radico kahitan rose 44% from its low of Rs. 83.55 and is currently trading at Rs. 121.15. A quick look at fundamentals of Radico kahitan- it registered revenue growth of 14.93% in QoQ. The profitability rose 45.76% QoQ and 19.01% YoY. Last quarter EPS stands at 1.62, the stock is trading at a PE multiple of 19.66. This is a best stock as per Dynamic research team. If sector continues its rally one can expect a target of Rs. 155 for short term. 96 institutions hold position in the stock.


Globus Spirit rose 55% from its low of Rs. 65.65 and is currently trading at Rs. 101.40. The stock is trading at PE multiple of 16.40 and 52 week high and low of the stock is at Rs. 101.60 and Rs. 50.60 respectively. The company regitered a growth of 2.71% QoQ and net profit jumped 46.53% QoQ. Short term target of the company is at Rs. 122.


GM Brew share price zoomed 42.65% from its low of Rs. 442 and is currently trading at Rs. 622. The company registered a marginal fall in revenue by 2.91% in QoQ and profitability fell by 27.78%. The company does not have much investment from institutions. We suggest avoiding buy in this stock.

Pincon sprit rose 7% from its recent low of Rs. 65 and is currently trading at Rs. 70.10. The company showed jump in revenue by 24.57% in QoQ and profitability rose by 26.83% in QoQ. Institutions have not made any investment in this company till date.


Therefore looking at the above information Radico Khaitan looks promising for short term and long term investment.


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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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