Shares of P N Gadgil Jewellers gained nearly 5% on December 9, hitting ₹803.05, following positive coverage from Motilal Oswal Financial Services (MOSL). The brokerage initiated coverage with a ‘Buy’ rating and a target price of ₹950, suggesting significant upside potential.
Highlights from Motilal Oswal’s analysis:
- Market Position: P N Gadgil Jewellers is the second-largest jewelry retail chain in Maharashtra, with a total of 48 stores.
- Strategic Focus: The company is working on enhancing unit economics, increasing the proportion of make-to-order offerings, and improving its product mix.
- Product Diversification: The studded jewelry ratio has improved by 250 basis points to 7% over three years, with plans to take it to double digits in the coming year.
Financial Projections:
- Revenue CAGR: 23%
- EBITDA CAGR: 31%
- PAT CAGR: 36% (FY24-27)
P N GADGIL JEWELLERS LTD Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 6 2024
|
₹743.90
|
₹769.20
|
|
|
Thu, Dec 5 2024
|
₹760.00
|
₹731.45
|
-2.77%
|
|
Wed, Dec 4 2024
|
₹748.45
|
₹752.30
|
|
|
Tue, Dec 3 2024
|
₹725.85
|
₹736.10
|
|
|
Mon, Dec 2 2024
|
₹676.95
|
₹719.30
|
|
|
Fri, Nov 29 2024
|
₹684.00
|
₹681.20
|
|
|
Thu, Nov 28 2024
|
₹679.00
|
₹679.60
|
|
|
Wed, Nov 27 2024
|
₹668.25
|
₹674.25
|
|
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