Page Industries has been the most significant story of the last decade and it has built an irreplaceable Brand Name and reputation for itself. There have been very rare opportunities when the stock had corrected so much from the top and every time it did, proved to be a good opportunity for investors to make money with safety of a high growth company with outstanding fundamentals and financials.
The margin pressure in the recent quarters due to high raw material cost has been the reason behind fall. The condition has normalized and we ought to see a very good expansion in Operating Margin in the upcoming result.
Refer the chart for levels.
The margin pressure in the recent quarters due to high raw material cost has been the reason behind fall. The condition has normalized and we ought to see a very good expansion in Operating Margin in the upcoming result.
Refer the chart for levels.
Comment:
Target 1 achieved with the recent quick move. This is what happens when you stick to market leading quality businesses.