मोतीलाल ओसवाल को वेदांत फैशन के स्टॉक में 27% उछाल की उम्मीद
Motilal Oswal Securities, a brokerage firm, started coverage on Vedanta Fashions Ltd. (VFL) with a buy rating and raised its target price from the current market price by 27% to Rs. 1400.
With 640 stores and a strong presence in 250 locations across India, Vedanta Fashions is well-represented.
Although while just about 20% of the ethnic clothing market is branded, it is still largely underserved, and VFL has established itself as a dominant force.
With little competition, a growing cultural appeal, and a strong brand name, VFL has plenty of room to grow significantly, according to Motilal Oswal.
The organisation has been able to avoid discounted sales thanks to its remarkable design capabilities and data-driven decision-making.
According to Motilal, the company's capital expenditure requirements are relatively low because of its strong profitability and franchise-funded growth.
A robust cash conversion cycle and a projected return on invested capital (ROIC) of 58 percent are the predicted outcomes for FY23.