If the sales and net profit data of this company is any indication, Monte Carle has undergone a sea change in these figures. The share is most likely to make for 700 in the coming weeks. Favorable price to earning at 15 against the industry PE of 37 by all means is very attractive. Its reserves are undergoing a drastic change on the higher note. Virtually debt free company with good ROE, its BV value if 190 with EPS of 28 on TTM basis.
Monte Carlo management is able to cut down on the material cost on qly basis and ATR is also being maintained.
With promoters holding 64% of total share with participation by mutual funds, FIs, Banks and QFIs, it makes good sense to buy this stock at the current levels.
Monte Carlo Fashions is basically into ready made apparels and is a reputed brand name with the growing young generating which has plenty of buying capacity.
Invest n Enjoy the rewards till the last sip.