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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.