the business involves lot of common brands we see in everyday life- Allen Solly, Van Heusen, Louis Philippe and Peter
England, Pantaloons
already discovered brands, the core business maintaining a cagr of 7 to 10 percent topline growth, profit margins are not that attractive either, growth is around 10 to 15%..
plain vanilla established brand name play.
2...
We have seen good volume support for ABFRL emerging over last 3 months at lower levels indicating accumulation. ABFRL is attempting a breakout from a cup and handle on good volumes. RSI seem to be supporting the upmove. We can expect a good rally in the scrip. 242 may be a good initial price target for the up move.
STOCK LOOKING VERY BULLISH ON CHART AND FUNDAMENTALS ALSO VERY GOODS,RESULT ALSO POSITIVE ,PROMOTERS INCREASING STAKE..BUY FOR 1 TO 2 MONTHS FOR GOOD RETURNS
