Top 3 Retail Stocks To Buy & Hold, Upto Sharp 43% Return, Jockey Remains As A Strong Brand

Nifty and Sensex closed red today. Nifty 50 closed at 15,966.65 points falling by 0.57% today. However, reputed brokerage firm Emkay Global has given buy and hold ratings to these below-mentioned stocks.

Stocks To Buy: Current market price and Target price

The current market price of Page Industries Limited (PAGE) stood at Rs. 44,014/ share, and Emkay Global has estimated a target price for the stock at Rs. 47,800/share. In the past one year the company's stock price has surged by 31.89%, in the past 6 month the stock price has fallen by 2.76%. Its market capitalization is Rs. 491 bn. Jockey is the brand of this company.

The current market price of Aditya Birla Fashion and Retail Ltd Clothing Co Ltd. (ABFRL) stood at Rs. 251/ share, and Emkay Global has estimated a target price for the stock at Rs. 360/share. In the past one year the company's stock price has fallen by 11.73%, in the past 6 month the stock price has fallen by 17.42%. Its market capitalization is Rs. 235 bn.

The current market price of Jubilant Pharmova Ltd (JUBI) stood at Rs. 571/ share, and Emkay Global has estimated a price for the stock at Rs. 605/share. The brokerage firm has given it a Hold rating. In the past one year the company's stock price has fallen by 51.84%, in the past 6 month the stock price has fallen by 36.77%. Its market capitalization is Rs. 377 bn.

Company	Current market price	Target price	Return
PAGE (Buy)	Rs. 44,014	Rs. 47,800	8.60%
ABFRL (Buy)	Rs. 251	Rs. 360	43.42%
JUBI (Hold)	Rs. 571	Rs. 605	5.95%

Stocks To Buy: Opinion By Emkay Global

Commenting on the first two stocks to buy, Emkay Global said, "We see 3-Y revenue CAGRs of 16%/12% for PAGE/ABFRL. PAGE should continue its strong growth, helped equally by volumes and realizations. ABFRL should see 11.5% CAGR vs. 7.5% in Q3, driven by continued traction in Madura, strong pick-up in Pantaloons and incremental contribution of ~2% by Ethnic. We believe price hikes and operating leverage will offset impact of cotton inflation on PAGE/ABFRL. Thus, PAGE should maintain the mid-point of its target margin band (20-22%) and ABFRL should see stable margins vs. pre-Covid."

"While Q1 saw minimal interruptions, commodities like oil/cheese/chicken/wheat saw significant inflation in the range of 15-30%. Taking this into account, we expect JUBI to report a 3-Y revenue CAGR of 12%/9%, driven by 9%/3% store addition CAGR and the rest by SSG," the firm said about JUBI.

Disclaimer

The above stocks were picked from the brokerage report of Emkay Global. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.