Dolly Khanna Portfolio: A good number of stocks have given multibagger returns to their shareholders this year, in view of the stock market’s return to the post-Covid-19 sell-off. Shares of Butterfly Gandhimati Appliances is one such stock that has more than doubled its shareholders’ money in the last one year. This multibagger stock is one of the stocks of Dolly Khanna and it has moved around from 410 At the level of 875 per share in the last one year, it registered a growth of about 110 per cent in the period. However, stock market analysts are still bullish over the counter and expect the stock to touch 4 digits in the next two quarters.
Highlighting the fundamentals that could drive Dolly Khanna prices further; HDFC Securities’ research report said, “Butterfly Gandhimati Appliances has shown consistent improvement in financial performance parameters with shorter working capital days, reduced debt and better return ratios. We expect it to grow from 30 per cent in FY24E to 30 per cent.” We expect revenue and earnings to grow at a CAGR of 17.7 per cent and 34.4 per cent respectively over FY 2011-24E. We have observed P/E at a reasonable discount as compared to its listed larger peers. Multiple assigned.”
“Butterfly Gandhimati Appliances will be one of the biggest beneficiaries of sustained growth in the household kitchenware segment. Strong historical preservation of the “Butterfly” brand, continuous innovation and premium quality products will support revenue growth. We will support the company’s established brand identity, diversified products and services. The profile and moderate financial risk profile are positive due to the company’s strong presence in all segments of the home appliance industry including LPG stoves, mixer grinders, cookers and table top wet grinders, planned new launches and expanded network of dealers. further strengthen and grow the industry ahead in the coming years. The management is focusing on increasing the share of e-commerce, exports and modern retail channel to grow further, said HDFC Securities Research report. .
When asked what is the technical chart pattern showing for this stock of Dolly Khanna; Sumeet Bagadiya, Executive Director, Choice Broking said, “Multibagger stock looks positive on the charts and one can buy and hold over the counter. from 970 1000 target maintaining stop loss 825 levels.”
On its suggestion of stock market investors with regard to stock market investors, HDFC Securities said, “We think the stock is fair valued. 950 and the bull case is reasonably priced 1016 in the next two quarters. Investors can buy stocks in the band 870 to Add On 875 More Dips 765 to 770 Band.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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