The Asian Age

STOCK SCAN

-

Globus Spirits is engaged in manufactur­ing, marketing and sale of Indian Made Indian Liquor ( IMIL), Indian Made Foreign Liquor ( IMFL), Bulk Alcohol and contract bottling for establishe­d IMFL brands. The company operates fully operationa­l production units that allow maximising alcohol yield while maximising production of by products leading to complete utilisatio­n of the raw material. The company expects efficienci­es to be even more superior in recently commission­ed plants in West Bengal and Bihar. Buy on declines for price target of ` 275 in medium term.

Cantabil Retail India is engaged in the business of designing, manufactur­ing, branding and retailing of apparel and apparel accessorie­s through chain of retail store under the brand name CANTABIL and Bonetti. The company is also into the business of real estate trade. The company is confident that it will improve its performanc­e in FY19. The long- term outlook for the sector remains to be positive. With the share of organised retailing in the total retailing sector, expected to continue to increase dramatical­ly after the introducti­on of GST, heightened interest is evident in retail stocks. Use correction­s to buy for target price of ` 275.

LT Foods is an emerging global food company with a focus on basmati and other speciality rices, organic foods and convenienc­e rice- based products. The company is engaged in milling, processing and marketing of branded and nonbranded basmati rice, and manufactur­ing of rice food products in the domestic and overseas market. It has also undertaken the inorganic route of acquisitio­ns to add value. Buy on declines for target price of ` 170.

Newspapers in English

Newspapers from India