2014 June

FY14 updates and new ideas

Posted by | Stocks | One Comment

Thanks to a great and powerful mandate to Modi sarkar – markets are making newer highs and sentiment has turned bullish after a very long time. All our top picks have been multi-baggers and they continue to do well. Here is an update on how FY14 panned out for them along with what future might hold- Relaxo Footwear – The company posted 20% sales growth in FY14 with significant margin expansion that led to profits going up 46% to 65 Cr. It shared its first investor presentation in Q4 see here. This has been a classic case of having identified an emerging moat at reasonable valuations run by an ethical and competent management. Over the last 12 months, the stock has seen a decent re-rating and a bridging gap in valuations compared with leader Bata. They …

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