{"id":58488,"date":"2022-08-12T13:55:00","date_gmt":"2022-08-12T08:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=58488"},"modified":"2022-08-12T13:50:41","modified_gmt":"2022-08-12T08:20:41","slug":"apparel-stock-crosses-50000-mark-after-mrf-on-robust-q1-brokerages-see-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/apparel-stock-crosses-50000-mark-after-mrf-on-robust-q1-brokerages-see-more-upside\/","title":{"rendered":"Apparel Stock crosses \u20b950,000 mark after MRF on robust Q1; Brokerages see more upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1426331677\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of \u20b9 50,000 apiece on Friday\u2019s early deals after it reported a multi-fold jump in the first quarter net profit. Its shares reached an all-time high of \u20b9 50,350.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4271013448\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Apart from Page Industries, MRF has crossed the \u20b9 50,000 apiece benchmark. In fact, its 52-week high is at \u20b9 89499.90 apiece.<\/p><p>Page Industries on Thursday reported a multi-fold increase in its net profit to \u20b9207 crores for the first quarter ended June 2022 as compared to \u20b910.9 crores during the April-June period a year ago. The company\u2019s revenue from operations during the quarter under review was \u20b91341 crores, up over two-fold as compared to Q1FY22.<\/p><p><strong>ICICI Securities has an add rating on the shares with a target price of \u20b9 52,000. The brokerage believes that from the medium to long term, the company has an operating margin expansion potential with EBITDA margins having remained in the narrow range of 18-21% for the last 10+ years. They believe that it has front-ended investments in new avenues.<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2749256706\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Axis Securities has a hold rating on the shares with a target price of \u20b9 51,900. The brokerage said that Page Industries saw increased momentum in sales across all its product categories driven by portfolio enhancement and distribution expansion. Its total MBO coverage is now at \u20b9 113715 and its EBO network stands at 1,144 in Q1FY22. The company\u2019s channels and supply chains are back to normal and expect a continued robust demand outlook in FY23.<\/p><p>Page Industries manufactures and sells apparel. It is the exclusive licensee of Jockey International in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE. Moreover, it is the exclusive licensee of Speedo International for the Indian market.&nbsp;<\/p><p>The multibagger stock has rallied more than 18088% since its listing in March 2007. The company\u2019s share price surged from \u20b9 271.60 to the current level of \u20b9 49,400.00.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3942095625\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of \u20b9 50,000 apiece on Friday\u2019s early deals after it reported a multi-fold jump in the first quarter net profit. Its shares reached an all-time high of \u20b9 50,350. Apart from Page Industries, MRF has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[2955,1433,1430,1436,1435,1431,4663,3153,3157,3158],"class_list":["post-58488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-page-industries","tag-page-industries-latest-news","tag-page-industries-news","tag-page-industries-quarterly-results","tag-page-industries-results-today","tag-page-industries-share-price","tag-page-industries-targets","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apparel Stock crosses \u20b950,000 mark after MRF on robust Q1; Brokerages see more upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/apparel-stock-crosses-50000-mark-after-mrf-on-robust-q1-brokerages-see-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apparel Stock crosses \u20b950,000 mark after MRF on robust Q1; Brokerages see more upside\" \/>\n<meta property=\"og:description\" content=\"Apparel manufacturer Page Industries Ltd on Friday became the second stock on the Indian bourses to cross the share price of \u20b9 50,000 apiece on Friday\u2019s early deals after it reported a multi-fold jump in the first quarter net profit. 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