External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We recently met the senior leadership team of Sapphire Foods to gain insights on the weakness in SSSg and the company’s strategy to address it</li><li>Management expressed caution about near-term demand trends due to weak macros and increased competitive intensity but remained confident about medium- and long-term prospects, as they are taking appropriate actions to further strengthen their “right to win”: 1) focusing on delighting customers with best-in-class quality products and improving the customer experience, and 2) continuing with calibrated store expansion.</li><li>We maintain an ADD rating with a target price of Rs 345 (25x FY27 EV/EBITDA), as the stock is expected to remain sideways given weaker SSSg in near term despite reasonable valuations (23x FY27 pre-IND AS EV/EBITDA).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We recently met the senior leadership team of Sapphire Foods to gain insights on the weakness in SSSg and the company’s strategy to address itManagement expressed caution about near-term demand trends due to weak macros and increased competitive intensity but remained confident about medium- and long-term prospects, as they are taking appropriate actions to further strengthen their “right to win”: 1) focusing on delighting customers with best-in-class quality products and improving the customer experience, and 2) continuing with calibrated store expansion.We maintain an ADD rating with a target price of Rs 345 (25x FY27 EV/EBITDA), as the stock is expected to remain sideways given weaker SSSg in near term despite reasonable valuations (23x FY27 pre-IND AS EV/EBITDA).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sapphire Foods: Wait before you take a bite! Maintain ADD